Two new North Carolina laws passed in NC provide some additional protection to homeowners facing foreclosure:
First, Beginning June 1, once a homeowner in North Carolina requests a loan modification, all foreclosure actions must be suspended. Currently, the law allows mortgagors to continue pursuing foreclosures against homeowners who are waiting to have their loans modified.
The second law requires mortgagors to provide clear and timely communications if a homeowner requests assistance.
The North Carolina Commissioners of Banks has established a website to offer lots of solutions. www.ncforeclosurehelp.org. If you are facing foreclosure here in North Carolina, there is help available. Please contact us for more advice on saving your home from foreclosure.
NC Foreclosure Statistics by County
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