Foreclosure Specialists

Realtor Rick Clark

Forclosure Specialist

Seller Agency

Buyer Agency

Our foreclosure specialists Can Help You Understand Your Options as You Navigate Through the Foreclosure Process

Step-by-Step: The NC Foreclosure
Process

MISSED PAYMENTS: Foreclosure
usually begins after 3-4 months of
missed mortgage payments.
PRE-FORECLOSURE NOTICE: The
lender sends a formal letter warning
you that foreclosure may begin soon.
NOTICE OF HEARING: Soon afterwards, you’ll get a
letter about a hearing with the Clerk
of Court in your county. (be sure to
attend the hearing because you may be able
to get an extension)
HEARING DATE: The lender then presents
documents proving they have the
right to foreclose.
NOTICE OF SALE: If approved, then a public
auction date is set. Notices are posted
at the courthouse and in the
newspaper.
FORECLOSURE AUCTION: Your home
will then be sold at public auction—often on the
courthouse steps.
UPSET BID PERIOD: After the auction,
there’s a 10-day window where others
can then place higher bids.
FINAL SALE:
if after 10 days with no
new bids, then the last sale becomes final and
the deed transfers to the buyer.

Click “Download” to download the complete North Carolina Foreclosure Guide

North Carolina Foreclosure Guide Download

When a client receives a notice of foreclosure, it can come as a shock. They have been in tight situations before, however this is a bit different. They’re being notified that they may actually lose their HOME. Something that they’ve worked so hard for. It seems almost surreal. In these situations, there are still some options that may help, but the worst thing that can be done is NOTHING.

Clients may feel inclined to ignore notices in the hopes that they will be able to rectify the situation before the final notices come in but the truth is, whatever led them to this crossroads has likely been in play for some time. It’s perfectly natural to feel deflated, not knowing what to do or even where to start.

That’s where we come in. We offer foreclosure assistance to help you navigate the intricies of the foreclosure process, and keep you informed every step of the way so that you can make informed decisions on which direction is best for you.

Contact us and take advantage of our expertise!