Raleigh Area Support

Foreclosure Help

Facing foreclosure? You're not alone, and there are more options than you might think. Let us help you explore solutions before auction.

Understanding Foreclosure in North Carolina

North Carolina is a "deed of trust" state, which means foreclosure can happen relatively quickly—typically 120 days after the first missed payment. Understanding the timeline is critical to finding solutions.

NC Foreclosure Timeline:

  • Day 1-30: Missed payments, lender contacts you
  • Day 30-90: Pre-foreclosure, notice of default
  • Day 90-120: Auction scheduled, redemption period begins
  • Day 120+: Auction sale, redemption period ends

The earlier you act, the more options you'll have. Even if you're close to auction, there may still be time.

Your Foreclosure Options

Reinstatement

Pay back all missed payments plus fees to bring loan current. Works if you have the funds available.

Loan Modification

Negotiate new payment terms with your lender. Can lower payments and extend the loan term.

Short Sale

Sell the home for less than the loan balance with lender approval. Requires lender cooperation.

Subject-To Purchase

We take over your mortgage payments while you transfer ownership. Stops foreclosure, saves your credit.

Deed in Lieu

Transfer ownership directly to the lender. Not as damaging to credit as foreclosure.

Stop Foreclosure Before It's Too Late

Time is critical in foreclosure situations. Contact us today to explore your options.