Escrow & Title
In a North Carolina deed of trust foreclosure, the trustee's sale is typically a:
AJudicial foreclosure requiring court action
BNon-judicial (power of sale) foreclosure requiring a clerk of court proceeding✓ Correct
CFederal court proceeding
DPrivate auction with no notice required
Explanation
North Carolina uses a non-judicial (power of sale) foreclosure process where the trustee conducts a sale after a hearing before the county Clerk of Superior Court.
Related North Carolina Escrow & Title Questions
- In NC, a 'notice of satisfaction' (or 'cancellation of deed of trust') is recorded when:
- In North Carolina, real estate closings are typically conducted by:
- An owner's title insurance policy in NC protects:
- North Carolina is an 'attorney closing state,' which means:
- The North Carolina excise tax (revenue stamps) on a deed is charged at:
- An 'easement by necessity' in NC is typically created when:
- A 'commitment for title insurance' in NC is issued by the title company to:
- In North Carolina, the excise tax on a deed is typically paid by:
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