Schedule Your Initial Consultation
Schedule Your Initial Consultation
PLEASE NOTE: our office remains open and available to serve you during the COVID-19 crisis. To protect our staff and the general public, we are offering our clients the ability to meet with us in person or via telephone. Please call our office to discuss your options.

Representing creditors in foreclosure actions

On Behalf of | Jan 11, 2019 | Residential Real Estate |

Large banks who often make house loans to Rocky Mount, North Carolina, families foreclose on their mortgages often enough to have a streamlined process.

However, the big financial institutions are not the only ones who may need to start a foreclosure. Smaller lenders who foreclose less frequently may not have the same processes in place as their larger counterparts, for instance. Sometimes, even an individual or someone else who isn’t the business of lending may get a mortgage or lien on a piece of residential real estate.

Finally, contractors and others who do construction may in some cases be entitled to a lien on a family home, but the lien cannot be converted in to cash without a foreclosure.

Particularly for someone who does not go through the foreclosure process often, it can be a daunting task to realize that they will have to exercise their rights if they want to get money on what otherwise will be a bad debt.

Fortunately, our firm’s attorneys and staff have extensive experience with North Carolina’s residential real estate foreclosure laws and can help those individuals and businesses who need it navigate the process efficiently.

There are actually several steps that one must take in a foreclosure, and not taking them can delay or even derail the process. We work hard to make sure each and every step is taken promptly and accurately.

For many people and businesses in the Rocky Mount area, a mortgage or other lien on a piece of residential will be the difference between a good investment and a substantial economic loss. We use our knowledge and skills to help our clients protect their financial interests.