If you’ve gotten a foreclosure notice of default and want to know what the heck is going on, keep reading. Basically, a foreclosure notice of default is a document that has to be filed by a lender to start the process of foreclosure. This public notification gives the borrower thirty days to make past-due payments … Continued
With millions of homes across the country going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. This understanding can make it easier to find a path forward. So what is a pre-foreclosure in Raleigh, Durham, Wake Forest anyway? Many homeowners across America and Raleigh, Durham, Wake Forest are facing … Continued
While the housing market is rebounding, many people in Raleigh, Durham, Wake Forest] are still struggling to make their mortgage payments. Perhaps they have been on COVID furloughs and these programs are now coming to an end. In some cases the job market is tightening and the economists are talking about another recession. If you’re … Continued
Whether you’re a buyer or a borrower/seller, a short sale, and foreclosure each present different advantages and difficulties. What Is A Foreclosure In Raleigh, Durham, Wake Forest, NC? In simple terms… A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home. If … Continued
A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued
Understanding the foreclosure process in NC is an important part of navigating your own home foreclosure. There can be options for you. Before we dive in… Understanding the Foreclosure Process in NC What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops … Continued
Do you have a Raleigh, Durham, Wake Forest NC house that’s in foreclosure right now? Many people going through the NC foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but … Continued