Judgment Against Property Foreclosure In Wake
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FAQ
Properties with delinquent real estate taxes are subject to tax foreclosure. When a tax foreclosure action is adjudicated, the ownership of the property is transferred from the delinquent taxpayer to a new owner. The new owner is responsible for all future taxes.
Most foreclosures in N.C. are "non-judicial" foreclosures, which means that they are heard in front of the county clerk, not a judge.
When a tax foreclosure sale is confirmed, the ownership of the property is transferred from the delinquent taxpayer to a new owner pursuant to judgment of the Court. The new owner is responsible for all future taxes.
Properties with delinquent real estate taxes are subject to tax foreclosure. When a tax foreclosure action is adjudicated, the ownership of the property is transferred from the delinquent taxpayer to a new owner. The new owner is responsible for all future taxes.
Most foreclosures in N.C. are "non-judicial" foreclosures, which means that they are heard in front of the county clerk, not a judge.
A power of sale foreclosure is a contractual right under the terms of a deed of trust which gives the trustee the power to sell the real property on behalf of the lender if the borrower defaults. The procedure for power of sale foreclosure is contained in Article 2A in Chapter 45 of the North Carolina General Statutes.
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.
Properties with delinquent real estate taxes are subject to tax foreclosure. When a tax foreclosure action is adjudicated, the ownership of the property is transferred from the delinquent taxpayer to a new owner. The new owner is responsible for all future taxes.
Yes, a lien may be placed on property that is jointly owned. However, the effects of that lien depend on the type of ownership that the property is under. Before discussing the terms of joint ownership, it's important that you understand exactly what liens are and what they may mean for you and your investment.
The Motion for Summary Judgment is filed by the plaintiff in the foreclosure case to try to get a Court decision in the foreclosure case without the need for a trial or an evidentiary hearing. Trials in foreclosure cases are not the norm since foreclosures do not usually have many controverted facts.
