Legal Question in Real Estate Law in North Carolina

North Carolina foreclosure

I am the holder of a Deed of Trust that is second in line to the bank. The bank is foreclosing on the property and forcing a sale. Can I pay off the balance of the first mortgage and take title to the property without it going to sale?


Asked on 5/05/07, 8:25 pm

1 Answer from Attorneys
Jeff Rosner Rosner Law Firm P.A.

Re: North Carolina foreclosure

Not that I know. You can bid at the foreclosure sale or you can try to buy the property and negotiate a short sale with the first mortgagee

- Jeff

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Answered on 5/07/07, 10:44 am


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