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Foreclosure Information and Prevention

Saving Your Home

A job loss, unexpected bills, or changes in your family status are just a few things that can have a significant impact on your family’s budget.

  • If you remain unemployed for an extended period of time, maintaining the mortgage or rent payment may become a challenge.
     
  • If you miss your mortgage payments, foreclosure may occur. This is the legal means your lender can use to repossess your home. 
      
  • If you owe more than your property is worth, a deficiency judgment is pursued.

Both foreclosures and deficiency judgments have a negative impact on your future credit. You should avoid foreclosure if at all possible. If you are having problems making your payments, there are resources available to assist you and may prevent you from losing your home.

 
If you are falling behind on your mortgage payment
 
Don't ignore the problem
If you need assistance or additional information, please call the HOPE hotline at 1-888-995-HOPE or visit www.ncforeclosurehelp.org

If you are renting your home and having problems making your payments