What is the foreclosure process in North Carolina?

When you are behind on your mortgage, the lender will instruct the trustee to foreclose. After verifying that you are behind, the trustee then files a "special proceeding" at the county courthouse and also sends you notice. A "foreclosure hearing" is held first and takes place at the county courthouse.

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North Carolina
Wake
Home Foreclosure Prevention Package

Wake North Carolina Home Foreclosure Prevention Package

Q: How can I stop foreclosure in NC?

One way to stop a foreclosure is by &quot;redeeming&quot; the property. To redeem, you have to pay off the full amount of the loan before the foreclosure sale. Some states also provide foreclosed borrowers with a redemption period after the foreclosure sale, during which they can buy back the home.

Category:

Real Estate - Foreclosures

State:

Multi-State

County:

Wake

Control #:

US-P111-PKG

Format:

Instant download

Description

This package provides many different tools for a homeowner to prevent foreclosure of a home. The forms cover various means to obtain assistance at all stages of the foreclosure process. Purchase of this package is a savings of 63% over purchase of the forms individually! Included in this package are the following forms:

1. Letter to Lender for Produce the Note Request

2. Offer by Borrower of Deed in Lieu of Foreclosure

3. Motion to Dismiss Foreclosure Action and Notice of Motion

4. Petition or Complaint to Enjoin Nonjudicial Foreclosure Sale and for Declaratory Relief

5. Petition to Enjoin Foreclosure Sale and Seeking Ascertainment of Amount Owed on Note and Deed of Trust

6. Qualified Written RESPA Request to Dispute or Validate Debt

7. Request to Lender or Loan Servicer for Loan Modification Due to Financial Hardship - Requesting Change to Fixed Rate of Interest of Adjustable Rate

8. Hardship Letter to Mortgagor or Lender to Prevent Foreclosure

9. Sample Letter for Short Sale Request to Lender

10. MHA Request for Short Sale

Charlotte Sample Letters - A Package of Sample Letters and Forms for Foreclosure

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Charlotte Request for Loan Modification RMA Under Home Affordable Modification Program HAMP

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Charlotte How to Request a Home Affordable Modification Guide

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Charlotte Hardship Letter to Mortgagor or Lender to Prevent Foreclosure

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Temporary Construction Easement

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FAQ

One way to stop a foreclosure is by "redeeming" the property. To redeem, you have to pay off the full amount of the loan before the foreclosure sale. Some states also provide foreclosed borrowers with a redemption period after the foreclosure sale, during which they can buy back the home.

6 Ways To Stop A Foreclosure Work It Out With Your Lender.Request A Forbearance.Apply For A Loan Modification.Consult A HUD-Approved Counseling Agency.Conduct A Short Sale.Sign A Deed In Lieu Of Foreclosure.

The NC Homeowners Assistance Fund program is free. If anyone asks you to pay a fee to get housing counseling or foreclosure prevention services from this program, it's a scam. If you experience fraud associated with this program, be sure to report it.

OPTIONS: Keeping your home is a priority and educating yourself to prevent foreclosure is critical to keeping your home. Some prevention foreclosure options include the Home Affordability Refinance Program, forbearance, a short sale, deed-in-lieu, and the Making Home Affordable Modification.

Three of the most common methods of walking away from a mortgage are a short sale, a voluntary foreclosure, and an involuntary foreclosure. A short sale occurs when the borrower sells a property for less than the amount due on the mortgage.

Here are some foreclosure prevention alternatives to consider when you think foreclosure is on the horizon. Reinstate Your Loan.Enter Into a Repayment Plan.Enter Into a Forbearance Agreement.Work Out a Loan Modification.Refinance.File for Chapter 7 or Chapter 13 Bankruptcy.

You can avoid repossession by reinstating or refinancing the loan, selling/surrendering your car, or contacting your lender to ask for other options. If you're having issues handling your car loan or other debt, bankruptcy might be a good option for you.

When you are behind on your mortgage, the lender will instruct the trustee to foreclose. After verifying that you are behind, the trustee then files a "special proceeding" at the county courthouse and also sends you notice. A "foreclosure hearing" is held first and takes place at the county courthouse.

Wake North Carolina Home Foreclosure Prevention Package

Description

Related forms

Viewed forms

How to fill out Home Foreclosure Prevention Package?

Form popularity

FAQ

How can I stop foreclosure in NC?

What are some legal ways to avoid a foreclosure?

Is NC Homeowner Assistance Fund legit?

Which of these is the best way to avoid foreclosure?

Can you walk away from a foreclosure?

How can foreclosure be avoided?

What's the best way to avoid repos and foreclosure?

How can you protect yourself from foreclosure?

Which of these is the best way to prevent foreclosure?

What is the foreclosure process in North Carolina?

Trusted and secure by over 3 million people of the world’s leading companies

Wake North Carolina Home Foreclosure Prevention Package

Description

Related forms

Viewed forms

How to fill out Home Foreclosure Prevention Package?

Form popularity

FAQ

How can I stop foreclosure in NC?

What are some legal ways to avoid a foreclosure?

Is NC Homeowner Assistance Fund legit?

Which of these is the best way to avoid foreclosure?

Can you walk away from a foreclosure?

How can foreclosure be avoided?

What's the best way to avoid repos and foreclosure?

How can you protect yourself from foreclosure?

Which of these is the best way to prevent foreclosure?

What is the foreclosure process in North Carolina?

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