Fight NC Foreclosure Fight NC Foreclosure
Partners
State Government Agencies
NC Department of Justice NC Commissioner of Banks
NC Governor NC Treasurer
North Carolina Housing Finance Agency
Non-Profit Organizations
NeighborWorks America
NC Justice Center
Affordable Housing Group
Center for Responsible Lending
Legal Aid of NC
North Carolina Association of Community Development Corporations NC Bankers Association
Consumer Credit Counseling Service Western Piedmont Council of Governments
Salisbury Community Development Corporation Prosperity Unlimited, Inc.
OnTrack Financial Education & Counseling Alliance Credit Counseling
Telamon Corporation
Federal Government Agencies
U.S. Department of Housing and Urban Development
The Federal Reserve Bank of Richmond

What You need to Know About Foreclosures

Foreclosures are on the rise, but there are steps you can take to prevent losing your home.

What is foreclosure?

When a homeowner doesn't make the mortgage payments over a period of time, the lender can begin a legal process to take possession of or sell the home to recover money owed on the defaulted loan.

What steps can I take to prevent foreclosure?

picket fence If you are unable to make your mortgage payment, contact your lender to discuss your options. Options are available. Learn more by researching the process (Helpful Links are below).

Who should I call for advice?

Please visit www.makinghomeaffordable.gov to find out if you are eligible to refinance or modify your loan to a payment that is more affordable through President Obama’s Making Home Affordable program, a comprehensive strategy to get the housing market back on track.

You may also contact certified counselors directly. Please see flyer for additional information (please click here for Spanish version).

You may call toll free 1-866-234-4857. HUD-certified counselors will be on hand to provide free assistance to help you avoid foreclosure. More information may be found at www.fightncforeclosure.org. Please see the NC map for foreclosure starts per county and the counseling agencies in your county.

In the event you receive foreclosure papers, you may wish to contact an attorney. Free legal services may be available to you. The following organizations may be able to help: Legal Aid of North Carolina, The North Carolina Justice Center, Legal Services of Southern Piedmont, and the Land Loss Prevention Project. You may also consider consulting with a bankruptcy attorney. The National Association of Consumer Bankruptcy Lawyers may be able to refer you to a bankruptcy attorney in your area.

Foreclosure Complaints

If you are facing foreclosure, we recommend you call toll free 1-866-234-4857. However, if you have a foreclosure related complaint against a mortgage lender/broker or loan officer, you may also file an online complaint with the N.C. Office of the Commissioner of Banks at https://www.nccob.org/online/cts/complaintonline.aspx. Complaints against a mortgage lender/broker or loan officer that are not foreclosure related may be filed at http://www.nccob.org/NCCOB/ConsumerAssistance/ComplaintInfo/filingcomplaint.htm.

Helpful Links