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North Carolina Foreclosure Help

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North Carolina Foreclosure Statute Laws


Judicial and non-judicial foreclosure is available in North Carolina. Primary service instruments are deed of trust and mortgage. The timeline for foreclosure in North Carolina varies by process, but typically last 60 days. Right of Redemption and deficiency judgments are allowed.

• In North Carolina, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.

Power of Sale Foreclosure Guidelines:
• After the preliminary notices have been issued, the clerk of the court will conduct a hearing to determine whether or not a foreclosure sale may take place.
• If and when the clerk issues a notice of sale, the foreclosure may proceed as follows:
• A notice of sale must be:
• mailed first class mail to the borrower at least twenty (20) days before the sale;
• published in a newspaper of general circulation in the county where the property is located once a week for two (2) successive weeks, with the last ad being published not less than ten (10) days before the sale; and
• posted on the courthouse door for twenty (20) days prior to the foreclosure sale.
• The notice must:
• name the borrowers,
• the lenders,
• provide a description of the property and
• state the date, time and place of sale.
• The sale must be conducted at the courthouse in the county where the property is located between the hours of 10:00 am and 4:00 pm.
• The property will be sold to the highest bidder. Upset bids may be filed with the court clerk for a period of ten (10) days after the foreclosure sale.
• The sale may be postponed by announcing the need to postpone at the time and place the regular sale would have taken place.
• A notice of the postponement, stating the new date and time the foreclosure sale will be held, must be posted on the courthouse door.
• Lenders may pursue a deficiency judgment and borrowers retain the right to redemption.

Related Information:
For information on hud foreclosures in north carolina contact Greensboro Field Office Asheville Building1500 Pinecroft Road, Suite 401 Greensboro, NC 27407-3838Phone: (336) 547-4000

North carolina foreclosure laws can be found at Udolegal.com. Foreclosure homes in north carolina in 2009 have reached the highest level since the great depression. Foreclosure auctions in North Carolina are conduicted on the courthouse steps and are sold to the highest bidder. Stop foreclosure north carolina with a visit to Udolegal.com. North Carolina foreclosures for sale can be found atforeclosurenet.net/states/northcarolina.asp

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