Carrboro is a town in Orange County in the U.S. state of North Carolina. The population was 18,162 at the 2008 census. The town, which is part of the Durham-Chapel Hill metropolitan statistical area, was named after North Carolina industrialist Julian Shakespeare Carr. Located near Chapel Hill and the University of North Carolina, Carrboro has a reputation as one of the most liberal communities in the Southern United States. It was the first municipality in North Carolina to elect an openly gay mayor, Mike Nelson, in 1995 and the first municipality in the state to grant domestic-partner benefits to same-sex couples. In October 2002, Carrboro was among the first municipalities in the South to adopt resolutions opposing the Iraq War and the USA PATRIOT Act.

Foreclosure Law Lawyers In Carrboro North Carolina

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What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in North Carolina

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...