If you are struggling to pay your mortgage or already facing foreclosure in North Carolina, you should familiarize yourself with the foreclosure process in your state. In North Carolina, most foreclosures are nonjudicial, which means they don't go through the court system. The foreclosing mortgage lender must give you a number of notices along the way, and if you request some type of loss mitigation (a non-foreclosure alternative such as a loan modification or short sale) the lender must put the foreclosure on hold in most cases.
Below you can read about the steps in a North Carolina foreclosure, what happens if you still owe money to the lender after foreclosure, and more.
North Carolina Foreclosure Laws and Procedures
Learn how a North Carolina foreclosure works, including preforeclosure steps, foreclosure procedures, and homeowners’ rights under both state and federal laws.
Deficiency Judgments After Foreclosure in North Carolina
Learn whether you might have to pay a deficiency judgment after a foreclosure in North Carolina.
North Carolina Timeshare Foreclosure and Right to Cancel Laws
Learn about the North Carolina Time Share Act, including contract disclosures, the right to cancel, and foreclosure procedures and protections.
North Carolina HOA and COA Foreclosures
If you default on HOA or COA payments in North Carolina, the association could potentially foreclose on your condo, townhome, or house.