The process of foreclosure is conducted when a bank or another lending agency brings a lawsuit against an individual who has incurred a debt that they cannot pay that allows them to take a property from its owner. Strict foreclosure and foreclosure by sale are the two major types of foreclosure.
The judge assigned to the foreclosure suit will set up a series of days that apply to each of the individuals who have been listed as defendants in a strict foreclosure. The days mentioned can be assigned to the defendants just a few short weeks after the court date is set. In proceedings related to a foreclosure by sale, the judge will establish a date on which the house will be sold. The court also puts an attorney in charge of conducting the auction. They are also responsible for putting a sign up on the property regarding its sale by auction.
Preventing Foreclosure in North Carolina
The process of foreclosure can be an exceptionally terrible occurrence for homeowners. There are ways, though, for you to prevent foreclosure from robbing you of your home. Since purchasing a home represents one of the largest investments you will make in your entire life, you do not want to lose it to foreclosure. This is true even if you have been unable to make your mortgage payments.
You need to get in touch with a foreclosure prevention specialist and avail yourself of their assistance. These specialists have been trained to know how to handle foreclosure proceedings. They will know the best way to keep your house from being foreclosed on.
It would be especially wise for you to contact several well known companies. These would include the Creative Freedom Foreclosure Prevention Company. They are in a good position to assist you because they dedicate themselves to helping people facing foreclosure. They present you with foreclosure prevention options and teach you how to get control over your finances.
The Foreclosure Management Company is also well known for offering foreclosure prevention support that can be relied upon. This company offers an efficient internal staff, centralized default services, aggressive time line management, and real time file status online to all of their clients.
Deciding which foreclosure prevention company to work with is not something to be taken lightly because they are going to help you keep your home and get control over your debt. Since these are serious matters, you want to choose a company that offers intelligent advice that you can trust.
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