Escrow & Title
Under NC's power of sale foreclosure process (deed of trust), what must the trustee do BEFORE conducting the foreclosure sale?
AObtain permission from the borrower
BFile a court action and obtain a court order authorizing the sale✓ Correct
CReceive written approval from NCREC
DWait 2 years after the first missed payment
Explanation
Even though power of sale foreclosure in NC does not require a full lawsuit, the trustee must still appear before a clerk of court (or superior court judge) to obtain a court order authorizing the foreclosure sale, providing some judicial oversight of the process.
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