Legal Question in Real Estate Law in North Carolina
My parents have died and the property is divided according to a will that has been probated. My sister is selling me her part of the inheritance which includes the house and 2 acres of land. We have already worked out the price and details of payment (installment) but don't know what document we need for this. Promissory note or deed or trust?
Asked on 7/28/10, 6:47 pm
1 Answer from Attorneys
How are you paying for this? With cash? Usually, real estate secures payment for land and there will be both a deed of trust recorded on the land and a promissory note. My advice is to get a real estate lawyer to set this up properly for you. The probate lawyer ought to be familiar enough with the documents to be able to do this.
Answered on 8/05/10, 5:46 pm
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