Facing foreclosure
Stop a North Carolina foreclosure by selling for cash.
A North Carolina foreclosure has a deadline at every stage, from the lender's first letter to the courthouse sale. When keeping the house is off the table, a cash sale to us can close ahead of the foreclosure sale.
- 01Call as soon as a letter comesTell us what the latest notice says, whether that is the 45-day letter, a hearing date or a sale date.
- 02Receive a written cash offerThere is nothing to repair or show, and the choice to accept is yours alone.
- 03Close ahead of the saleIn about seven days with a clear title. The closing attorney pays off your loan from the sale money.
Request a cash offer
If a hearing or sale date is already set, also call (706) 705-7703 so we can check the timeline with you today.
North Carolina foreclosure steps
The North Carolina foreclosure process, start to finish.
Most home loans in North Carolina use a deed of trust with a power of sale. That lets the house be sold after a hearing before the clerk of superior court in the county where it sits.
For a loan on your primary home, the servicer has to mail a pre-foreclosure notice at least 45 days before starting foreclosure. After that, the trustee files with the clerk, and you must be served with notice of a hearing at least 10 days ahead of it. At the hearing, the clerk decides whether the sale can go forward.
The sale is posted at the courthouse, published in a local newspaper and then held at the courthouse. Next comes a 10-day upset bid period, when anyone can raise the high bid by at least 5%, and each new bid starts the 10 days over. You can still pay off the loan and stop the foreclosure until that period ends.
Read each piece of mail from your lender and phone them, since some owners catch up or agree on a payment plan. If that will not work, the best time to call us is when the 45-day letter or the hearing notice arrives. If we close before the sale, the loan is paid off at closing and the foreclosure ends.
Treat this as general information and take questions about your own loan to a North Carolina attorney.
Who we help
Owners who have fallen behind and are watching the calendar.
Missed mortgage payments
Payments have slipped, and each letter from the lender sounds more serious than the one before.
A hearing or sale is scheduled
The notice in your hands has a hearing or sale date on it. Call us today so we can tell you whether a closing can happen before then.
Other options ran out
A loan modification or repayment plan fell through, and you would rather sell than lose the house at the courthouse.
Money trouble on a house often comes with other strain at home. We also buy from owners selling during a divorce and from owners of houses with major repairs.
Our process
Buying a North Carolina house before the foreclosure sale.
Because we pay in cash, the sale does not depend on a buyer's loan approval or an appraisal coming in on time.
We make offers on houses in foreclosure anywhere in North Carolina, from the Triad and the Charlotte area to the Triangle, the Sandhills and the coast. Our how we buy houses page covers each step in order.
The Whole team from Barrington was nothing but professional and caring. From the Quote to the Closing they handled everything in a timely manner. They answered all my questions and kept in touch with me almost daily! I would recommend them to anyone in the market selling their home!
- Call us with your dates.
Give us the address, about how much you owe, and any dates on the letters you have received.
- A specialist comes to look at the house.
We schedule one visit, and nothing has to be cleaned, fixed or moved beforehand.
- You receive the offer in writing.
We show you how we arrived at the price, and you are free to say no.
- Your loan is paid off at closing.
The North Carolina attorney handling the closing pays the lender from the sale money. A clear title lets us close in about seven days, and you receive whatever is left once the lender is paid, line by line on the settlement statement.
Questions about foreclosure
What owners ask when a notice arrives.
These answers are general information. Your loan terms and legal rights are questions for a North Carolina attorney. As the buyer, our part is the price and the closing date we can offer.
Will selling the house stop a North Carolina foreclosure?
It can, as long as the closing happens in time. The closing attorney pays your lender from the sale money, and paying off the loan in full ends the foreclosure. North Carolina lets an owner pay off the loan until the upset bid period after the sale is over, though the cleanest plan is to close before the courthouse sale, so call early.
How quickly can you close?
About seven days if the title is clear. Liens, unpaid property taxes or an open estate can slow things down, which is another reason to call when the first notice comes.
Must I make repairs or empty the house first?
No. We buy the house in its current condition. Pack what you want to bring, leave the rest behind, and we take care of the cleanout after closing.
Will selling to you cost me anything?
You pay no fees and no commissions on your side of the sale. We can often pay your closing costs and the attorney fees as well, so bring it up when we talk about your house.
Am I committed to anything if I ask for an offer?
No. We see the house and give you a written cash offer, and the decision is entirely yours. Feel free to keep working with your lender as you decide.
Got a foreclosure letter?
Call us the day the letter arrives.
We put a cash price in writing, and you skip the repairs and the fees. When we first talk, we will say whether there is enough time to close.