What is the statute of limitations for real estate disputes?

In North Carolina, the statute of limitations for real estate disputes is three years. This means that parties have three years to bring a lawsuit or other legal action for disputes related to real estate. In some cases, the statute of limitations can be extended, so it is important to speak with an attorney before making any decisions. This three-year period begins from the date the cause of action arises. If an issue has been going on for several years, it is important to understand when the three-year clock started ticking. For example, if a neighbor has been encroaching on your property for the past two years, then the three-year period will start on the date that the boundary issue began and not the date on which you discovered it. It is important to follow the statute of limitations if you wish to take legal action, as if you wait too long then you may be unable to pursue your case in court. Similarly, if you are the defendant in a real estate dispute, then you must be aware of when the statute of limitations expires as this can be a defense for you if the plaintiff’s claim is too old. A real estate lawyer can be an invaluable resource when navigating North Carolina’s real estate laws and the associated statute of limitations. They can help you understand how long you have to bring a claim or defend against one in order to protect your rights.

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