The Wake County Revenue Department dockets foreclosure judgments with the court system for unpaid property taxes on real estate. A copy of this form can be obtained on the Ministry of Justice website By filing a Response to a Petition form, a tenant can inform the other parties in the foreclosure proceedings that they would like copies of all the subsequent court documents. Tenants Together’s Law & Resources : Information to help you know your rights, answers to frequently asked questions and resources to help you be better informed about foreclosure and your rights as a tenant in a foreclosure.
A document given to the winning bidder at a foreclosure sale stating their rights to the property once the borrowers redemption period has expired. If you don’t file a Response, the foreclosure will go ahead without you, and you won’t be able to protect yourself.
The foreclosure process may begin once a mortgage borrower , or mortgagor , falls so far behind on her mortgage payments that she enters default The conditions for entering default vary, based on state law and terms in mortgage agreements. If the default is not remedied by the prescribed deadline, the lender or its representative (referred to as the trustee ) sets a date for the home to be sold at a foreclosure auction (sometimes referred to as a Trustee Sale).
Become a Secured Party Creditor TODAY via a UCC/UCC-1 Lien Filing Process through our UCC Redemption Book. The entire judicial foreclosure process, from the borrower’s first, missed payment through the lender’s sale of the home, usually takes 480 to 700 days, according to the Mortgage Bankers Association of America.
Please note that the listings are valid as of the date indicated in the document. The listing owner may redeem the property from the attorney’s office by paying the delinquent taxes plus costs and attorney fees at any time up to and including the day of sale.