Summary of North Carolina's Foreclosure Laws

Topic State Rule Common type of foreclosure process

North Carolina Foreclosure Laws and Procedures

If you are a homeowner in North Carolina facing the scary prospect of losing your home to foreclosure, don’t be caught off guard.

Deficiency Judgments After Foreclosure in North Carolina

In North Carolina, if you go through foreclosure and the sale price is not enough to cover the balance of your mortgage, your lender can come after you for the "deficiency." However, North Carolina

North Carolina HOA and COA Foreclosures

If you live in a private community setting (whether it is a condominium, townhouse, or single-family home) in North Carolina, usually you must pay dues and assessments to a homeowners’ association (HOA) or a condominium association (COA). If you fall behind in payments, in most cases the HOA or COA

North Carolina Timeshare Foreclosure and Right to Cancel Laws

The North Carolina Time Share Act governs timeshare transactions in North Carolina and provides protections to people who are purchasing timeshares in the state.

If I Lose My Home to Foreclosure in North Carolina, Can I Get It Back?

Question My wife and I have owned a home in North Carolina for many years. I was laid off from my job a few months ago and we couldn’t keep up with the mortgage payments.

Can I Reinstate My Mortgage to Save My Home From Foreclosure in North Carolina?

One way that some homeowners in North Carolina can save their home from a foreclosure is to bring the loan current by paying all of the missed payments (plus various other costs and fees) in one lump sum by a set date. This is known as “reinstating” the loan. Paying off the reinstatement amount cancels