Foreclosure

Skipped forbearance payments are still owed. Your servicer may offer a repayment plan, a deferral or a modification instead of one lump sum.

Yes, but it is mostly free counseling, not money. NCHFA connects homeowners with HUD-approved counselors at no cost at 1-888-442-8188.

A deed in lieu needs lender approval and a written release of the leftover debt. It avoids an auction, but you give up any equity in the house.

Sometimes. If a foreclosure sale brings less than you owe, the lender can sue for the gap unless an NC anti-deficiency law covers your loan.

Sometimes. The NC auction is not final until a 10-day upset bid period ends, and paying the debt and sale costs before then ends the foreclosure.

A 45-day letter is a warning NC law requires before a home foreclosure can be filed. It is not a court case, and it lists free help you can use.

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