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If you're having a hard time understanding the foreclosure process in California, this short article walks you through how foreclosure works in California and your options...
If you're having a hard time understanding the foreclosure process in California, this short article walks you through how foreclosure works in California and your options...
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If you're having a hard time understanding the foreclosure process in NC, this short article walks you through how foreclosure works in NC and your options...
What is foreclosure anyway?
Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments.
Foreclosure is no fun. But just know that it’s not the end of the world.
When you know how foreclosure in NC works… it arms you with the knowledge to make sure you navigate it well and come out the other end as well as possible.
The Basic Stages of A Foreclosure
There’s a few stages that are important to any foreclosure process.
Foreclosure works differently in different states around the country.
The two ways different states use to foreclose upon a property are: judicial sale or power of sale.
Connect with us by calling (828) 713-3322 or through our contact page to have us walk you through the specific foreclosure process here locally in Asheville.
In either scenario, foreclosure typically doesn’t go to court until 3-6 months of missed payments have elapsed. Usually (but not always), a lender will send out many notices that you are in arrears – overdue or behind in your payment.
