What happens after a foreclosure in North Carolina?

In a North Carolina foreclosure, you’ll most likely get the right to: get any excess money after a foreclosure sale. So, don’t get caught off guard if you’re a North Carolina homeowner who’s behind in mortgage payments.

When do you have to post a foreclosure notice?

The last publication cannot be less than ten (10) days prior to the sale date. The notice must be posted at the courthouse at least twenty (20) days before the sale. Notice of foreclosure as described above must be served on all occupants/owners of the property being foreclosed upon, and provide a legal description of the property.

How often does a foreclosure have to be published in the newspaper?

Prior to initiating a foreclosure the attorney conducting the foreclosure must notice the borrower on the sale at least twenty (20) days before the sale and publish the notice of foreclosure sale date for once per week for at least two (2) weeks in a newspaper of general circulation in the county in which the property is located.

When do you have to leave a foreclosure property?

In some states, the foreclosed homeowner may stay in the property during a post-sale redemption period, which could be several months, or until some other action, like confirmation of the foreclosure sale.

Are there any foreclosures for sale in North Carolina?

Bank Foreclosures Sale offers a huge database of North Carolina foreclosed homes for sale including North Carolina bank foreclosures, government foreclosures, HUD and VA repo homes, preforeclosures, bankruptcies, foreclosure auctions, tax liens, distressed properties and North Carolina bank owned homes.

How long does it take to foreclose in North Carolina?

How long does it take to foreclose a property in North Carolina? Depending on the timing of the various required notices, it usually takes approximately 90-120 days to effectuate an uncontested non-judicial foreclosure .

How does a foreclosure by action work in NC?

This process is called foreclosure by action. The property is then sold as part of a publicly noticed sale by the sheriff. A complaint is filed in court along with what is known a lis pendens. A lis pendens is a recorded document that provides public notice that the property is being foreclosed upon.

The last publication cannot be less than ten (10) days prior to the sale date. The notice must be posted at the courthouse at least twenty (20) days before the sale. Notice of foreclosure as described above must be served on all occupants/owners of the property being foreclosed upon, and provide a legal description of the property.