North Carolina General Assembly Adopts Protection for Tenants in Foreclosure Actions.

Session Law 2015-178 reinstates many of the provisions of the Federal “Protecting Tenants in foreclosure act of 2009” which expired December 31, 2014.The NC legislation is applicable to residential property containing less than 15 units, including s ...[Read more]

Published: 10/16/2015 | 0  Comments | 0  Links to this post

North Carolina's Anti-Deficiency Statute for Seller Financed Real Estate

The North Carolina General Statutes prohibit a creditor in a seller-financed purchase money real estate transaction (where the seller of the land and the creditor providing financing for the sale are the same person) from obtaining a judgment agains ...[Read more]

Published: 10/1/2015 | 0  Comments | 0  Links to this post