North Carolina Foreclosures - 14,814 Foreclosure Listings

Foreclosure Homes in North Carolina

There are currently foreclosed homes listed in North Carolina. Why should you consider buying a foreclosure property in North Carolina? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in North Carolina when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in North Carolina, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in North Carolina that you want to look for a property below. Then search through all distressed real estate listings in North Carolina for the amazing deal that’s right for you.

North Carolina Foreclosure Laws

North Carolina primarily uses non-judicial (power of sale; court clerk approval) foreclosure involving deed of trust (primary). mortgages exist but are less common.. Typical timelines run 2-4 months. 10-day upset-bid period acts as redemption-like window. Deficiency judgments permitted with limitations

Foreclosure Type Process

Non-Judicial (Power of Sale; court clerk approval)
Mortgage Instrument Security Type

Deed of Trust (primary). Mortgages exist but are less common.
Typical Timeline Duration

2-4 months
Deficiency Judgment

Deficiency judgments permitted with limitations
Redemption Period Owner Rights

10-day upset-bid period acts as redemption-like window.
Process Summary

North Carolina uses a power-of-sale foreclosure with court oversight. A hearing before the clerk of court is required before the sale may proceed.
Notice / Timing Statute

North Carolina General Statute § 45-21.16 et seq. (power of sale foreclosure)
Redemption Statute(s)

North Carolina General Statute § 45-21.27 (10-day upset bid period)
Deficiency Statute(s)

North Carolina General Statute § 45-21.36, § 45-21.38 (deficiency limited for residential property)

How to Buy a Foreclosure in North Carolina

Begin by finding foreclosure listings through county clerk' notices, MLS, and public advertisements in North Carolina. North Carolina uses non-judicial foreclosure with statutory notice periods. Have financing or proof of funds ready. Conduct title and property condition research. Participate in the foreclosure sale and finalize title transfer

What type of foreclosure is used in North Carolina?

The type of foreclosure in North Carolina is Non-Judicial (Power of Sale; court clerk approval)

Is there a redemption period in North Carolina?

10-day upset-bid period acts as redemption-like window.

Are deficiency judgments allowed in North Carolina?

Deficiency judgments permitted with limitations in North Carolina

How do you buy a foreclosure in North Carolina?

Begin by finding foreclosure listings through county clerk' notices, MLS, and public advertisements in North Carolina.