What steps can I take to avoid an appeal if not all parties are formally served in a surplus funds claim? – North Carolina Short Answer In North Carolina, you lower appeal risk by joining every person with a direct claim to the foreclosure surplus and ensuring proper Rule 4 service on any newly added…
If we pay the back taxes, how do we transfer title out of the decedent’s name into our names? – North Carolina Short Answer In North Carolina, title to a person’s non-joint real estate passes to the legal heirs at the moment of death. To get record title into your names, first stop the pending…
How do I request a continuance to add a party before a scheduled surplus funds hearing? – North Carolina Short Answer In North Carolina, file a written Motion to Continue and Motion to Join Necessary Party in the foreclosure special proceeding (SP) before the Clerk of Superior Court. Ask the clerk to add the prior…
How can I add a previous interest holder as a respondent in a surplus funds case when I don’t have their contact information? – North Carolina Short Answer File a motion with the Clerk of Superior Court to join the prior interest holder as a necessary party and have a special proceeding summons issued. If…
How can I file an injunction bond to delay my foreclosure sale? – North Carolina Short Answer In North Carolina, you can ask a Superior Court judge to temporarily stop a power-of-sale foreclosure by filing a civil action for an injunction and posting a security bond the court sets. You must act before the foreclosure…
Can a surplus funds hearing proceed without serving a former owner whose interest was assigned during foreclosure? – North Carolina Short Answer Often, yes. In North Carolina, the Clerk of Superior Court distributes foreclosure surplus to the person entitled to it. If the former owner fully assigned their right to the surplus, the assignee is…
What options do I have to stop a foreclosure sale if I don’t want to file for bankruptcy? – North Carolina Short Answer In North Carolina, you can ask a Superior Court judge to temporarily restrain and enjoin a power-of-sale foreclosure under a statute that allows injunctions, but you must act before the sale is…
How do I challenge a foreclosure when a lender mishandled my loan modification paperwork? – North Carolina Short Answer In North Carolina, you can ask a Superior Court judge to stop a power-of-sale foreclosure by filing a lawsuit and requesting a temporary restraining order or preliminary injunction before the sale, especially if the lender’s handling…
Can I have a new attorney take over my surplus funds claim after my lawyer withdraws? – North Carolina Short Answer Yes. In North Carolina, you may hire new counsel to step into your surplus funds matter after your current lawyer withdraws. The substitution does not forfeit your claim, but your new attorney must file…
How long does it typically take to recover surplus funds once they are sent to the state treasury? – North Carolina Short Answer In North Carolina, once surplus foreclosure funds are sent to the State Treasurer as unclaimed property, you recover them by filing a claim under the unclaimed property statutes. There is no fixed…