My house is now in foreclosure in North Carolina do I have any legal options?

If your house is now in foreclosure, there are options available to you during and post foreclosure legal help in NC. North Carolina is a non-judicial state. This means that your mortgage lender doesn’t have to go through the county court to repossess your home. Thus, you may need to be very vigilant about using the post foreclosure legal help in North Carolina. After the notice of default and notice of sale you have the right to reinstate. This means that you can pay the money you and keep your home. However, before, during or up to the moment your home is auctioned, you can file personal bankruptcy. Personal bankruptcy consists of two chapters, but you will need to use chapter 13. Chapter 13, through an automatic stay, prevents you lender from repossessing your home. During a three to five year period, you pay your lender the money you owe and your mortgage. Bankruptcy eliminates the need money you owe while keeping you on tract. If you’re not able to file bankruptcy then you may want to look into redeeming your home. After the auction selling your home is complete, you still have the right to redeem your home.

In other words, if you can still come up with the money you owe the lender then you can keep your home. It’s important, however, to speak to a foreclosure lawyer. The lawyer can explain all the post foreclosure help available to you.