Judgment Lien Foreclosure In Mecklenburg
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Following a first mortgage foreclosure, all junior liens (including a second mortgage and any junior judgment liens) are extinguished, and the liens are removed from the property's title.
In North Carolina, the foreclosure process typically takes around 120 days from the date the first payment is missed to when the property is sold at a foreclosure sale. The timeline may vary depending on several factors, including: The lender's policies and procedures.
If they are not timely renewed, they expire. In CA that is 10 years. However, when a judgment lien has been recorded against your property, it has no expiration date. This means that it is possible to no longer have a judgment against you, but still have a judgment lien on your property.
In North Carolina, the foreclosure process typically takes around 120 days from the date the first payment is missed to when the property is sold at a foreclosure sale. The timeline may vary depending on several factors, including: The lender's policies and procedures. The type of foreclosure.
Interested persons can search for tax liens against real property, such as real estate and lands, in North Carolina by querying the local tax collector within the county where the property is situated.
In general, a homeowner will be able to delay a foreclosure for longer if the lender pursues a judicial foreclosure than if the lender pursues a non-judicial foreclosure. Fighting a judicial foreclosure can be less complicated and costly as well.
A judgment lien is created automatically on any property owned by the debtor in the North Carolina county where the judgment is entered. For any debtor property found outside the county, the creditor must file the judgment with the county clerk for the county where the property is located.
Get in touch with your lender as soon as you realize you may be in trouble. Lenders would rather have a paying customer than an empty house on their hands. Filing for bankruptcy or a lawsuit can slow or stop the foreclosure process, but start by contacting your lender.
