North Carolina Foreclosure Law and Procedure

Here is a summary of foreclosure laws and rules for the State of North Carolina:

  • Lenders can use either a mortgage or deed of trust.
  • Lenders primarily use deed of trust and foreclose by trustee sale.
  • There is no right of redemption and the lender may not sue for a deficiency if the mortgage was used to purchase the real estate.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in North Carolina those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.

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