Tag: foreclosure

How to Stay in My Home After Foreclosure in Wilmington

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A recent study estimates that 47% of foreclosed properties are still occupied. When you first see that stat you may be surprised… but we’re not. What most people don’t realize is that banks aren’t in the business to own homes. They are in the business to loan people money. But when they have to foreclose … Continued

Understanding the Foreclosure Process in North Carolina

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Understanding the foreclosure process in North Carolina is an important part of navigating your own home foreclosure. Before we dive in… Understanding the Foreclosure Process in North Carolina What is foreclosure anyway? Foreclosure is the legal process that lenders use to take back property securing a loan, generally after the borrower stops making payments. Foreclosure is … Continued

Can I Sell My House in Foreclosure in Wilmington?

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Do you have a Wilmington North Carolina house that’s in foreclosure right now? Many people going through the North Carolina foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually … Continued

What is a Pre-Foreclosure in Wilmington NC?

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With thousands of homes across North Carolina going into foreclosure, it’s important for both buyers and mortgage holders to understand the process. So what is a pre-foreclosure in Wilmington NC anyway? Many homeowners across America and right here locally in our own backyard in Wilmington are facing difficulties making their monthly mortgage payments. When a homeowner misses 3-6 … Continued