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!

Related Topics:
1 Lawyer Answer

Charles Snyderman

Answered
  • 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.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.