Attorneys

North Carolina Foreclosure FAQs

• Q: Does North Carolina Law Allow for a Redemption Period After a Foreclosure?
  A: Yes, but the redemption period in North Carolina is very short. It is limited to 10 days after the foreclosure sale. More
• Q: Where and When do Foreclosure Sales Take Place in North Carolina?
  A: When a property is foreclosed in North Carolina, the foreclosure sale takes place at the courthouse between the hours of 10 am and 4 pm. The date of the sale is … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in North Carolina?
  A: If a judge or court clerk determines that a foreclosure may take place on a North Carolina property then the Notice of Sale must be published in the newspaper for two … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in North Carolina?
  A: Yes, North Carolina law provides lenders with the right to sue borrowers for amounts owed on the original loan after the proceeds from a foreclosure sale have been … More
• Q: How Can a Lender Foreclose on a Property in North Carolina?
  A: Most North Carolina foreclosures begin in the court room. Even if a mortgage agreement contains a power of sale clause, a lender must still initiate a hearing … More
• Q: How Long Does the Typical Foreclosure Process Take in North Carolina?
  A: It takes approximately three months to complete a non judicial foreclosure in North Carolina if everything goes smoothly. It may take longer than three months if … More
• Q: Can I Keep My Home If I File Bankruptcy in North Carolina?
  A: The homestead exemption in North Carolina is set at $18,500. If a homeowner has more equity in the home or has trouble making mortgage payments then the … More

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