What should I do if I'm facing foreclosure?

If you are facing foreclosure in North Carolina, it’s important to take action immediately as soon as you receive notice of the foreclosure. Your first step should always be to contact an experienced foreclosure defense lawyer to help you understand your legal rights and options. An attorney can help you determine if a loan modification or other agreement with the lender is possible. Additionally, you should make sure to contact the lender and explain your situation. Explain why you are facing foreclosure and if possible, provide proof of your hardship. Ask what options the lender may have to help you. In some cases, the lender may be willing to make adjustments to the loan terms so you can keep your home. Another potential option may be to file for bankruptcy. In some cases, filing for bankruptcy may allow you to have a more manageable repayment plan or make other changes to the loan, such as writing off some of the debt. Be sure to discuss this option with an attorney as well to ensure it’s the best option for you. Finally, you should also look into any government assistance programs that may help you. These can sometimes provide assistance with making mortgage payments or getting other forms of help. The key to successfully fighting foreclosure is to act quickly and gather all of the information you need to make an informed decision on how to best protect your rights.

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What should I do if I'm facing foreclosure?

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