Real Estate Zing
 USA Real Estate  USA Cities  Real Estate Agents List  Fannie Mae  Freddie Mac
 Home  »  USA  »  North Carolina  »  Foreclosure Laws

NC Foreclosure Laws

NC Foreclosure Laws specify about 60 days for the foreclosure process The foreclosure can happen in two ways. i.e.
  • Judicial Foreclosure
  • Non-Judicial Foreclosure

North Carolina Foreclosure Laws

Therefore according to foreclosure law in North Carolina lender can foreclose the property on mortgage or deed of trust with either non-judicial or judicial foreclosure process. In judicial foreclosure it is the court that gives order for the auction and sale of the property.

For non-judicial foreclosure to occur the process is quiet different from the judicial one. Power of sale clause exist in this and authorizes the lender to start the foreclosure according to the procedure defined in the clause. But if no procedure has been defined then NC foreclosure process is bit different and for this "Power of Sale Foreclosure Guidelines" are followed. But in any case preliminary hearing takes place before the actual process of foreclosure in North Carolina. In this decision regarding the foreclosure to happen or not to happen is taken. If the North Carolina foreclosure law allows it then it will occur with the following procedure:

  • Notice of sale is send to the borrower 20 days before the sale
  • For two successive weeks the notice is published in the newspaper of the county
  • The last notice of sale should not be published before the ten days of auction
  • Twenty days before the sale it should be posted at the courthouse

Notice of Foreclosure Sale

In North Carolina the notice of sale should contain the date, place, time of the sale along with the description of the property and name of the lender and borrower. NC foreclosure auction takes place from 9:00 a.m. to 4:00 p.m. In case the sale is to be postponed then it should be announced at the place where sale was to take place specifying the new time and date. Along with this the new notice should also be posted on the door of the courthouse.

For more information on the North Carolina foreclosure laws, foreclosure process and auction you can also check the list of websites provided by
Rate explains the entire NC foreclosure process and laws that are followed. You can get the preliminary information by reading the related page on the website.
Foreclosure Assistance
If you want to get information on foreclosure process then you can get this from the Foreclosure Assistance that has explained the whole process. Along with this you can also get assistance in stopping the foreclosure.
Government- has the listing of government foreclosure homes that are available at affordable rates.

Foreclosed Homes
Real Estate
Real Estate Commission
Real Estate License
Cities in North Carolina
Home Mortgage
Rental Homes
Association and Board
Realtors Association
Housing Authority
Appraisal Board
Top Builders
DR Horton
Home Builders
Pulte Homes
Lennar Homes
Property Taxes
State Unclaimed Property
Property Tax
Building a Home