Apex, NC asked in Foreclosure for North Carolina

Q: Question regarding selling home in foreclosure

I own a home in Wake County. Due to loss of my husband's job and his subsequent hospitalization and current medical condition, we defaulted on our loan. We tried a loan modification with our bank but were unsuccessful. We have found a buyer for the property who is willing to pay the full amount owed to the lender. We have received a payoff letter from the lender via the Trustee. The fees that have been assessed during this time are unreal. Would we still need to request permission from HUD to sell this home? I am just confused by the pre-foreclosure process and the lender and Trustee have been extremely unhelpful in answering our questions. We would like to have the home paid in full and to be able to walk away without going into full foreclosure. The next hearing is in July. The buyer says he will take care of all closing costs, attorneys, fees, etc. The home has equity and is not under water. Advice please!

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1 Lawyer Answer
Charles Snyderman
Charles Snyderman
  • Wilmington, DE

A: This is a difficult situation. If you do not receive advice on this website from a North Carolina real estate attorney, I suggest that you schedule an in-office consultation.

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