Wake North Carolina Complaint or Petition by Purchaser Against Possessor of Real Property After Judicial Foreclosure Sale - Repossession

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Wake
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US-01018BG
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Keeping possession of real property without a right, such as after a lease has expired or after the real property has be sold by the possessor, may entitle the owner to file a lawsuit for "unlawful detainer," asking for possession by court order, unpaid rent and damages. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a notice in a particular jurisdiction.

Title: Understanding the Wake North Carolina Complaint or Petition by Purchaser Against Possessor of Real Property After Judicial Foreclosure Sale — Repossession Introduction: In Wake County, North Carolina, when a judicial foreclosure sale of a property occurs, the purchaser may face issues regarding the possession or control of the property. This can lead to the filing of a complaint or petition by the purchaser against the possessor of the real property after the foreclosure sale, aiming to address and resolve these concerns. Key Types of Wake North Carolina Complaint or Petition by Purchaser Against Possessor of Real Property After Judicial Foreclosure Sale — Repossession: 1. Complaint for Delivery of Possession: One common type of complaint filed by the purchaser is the "Complaint for Delivery of Possession." This legal document serves to request the court's assistance in obtaining possession of the property after winning it at a foreclosure sale. 2. Petition for Enactment: In some instances, if the possessor of the property refuses to vacate even after the court's order, the purchaser may be compelled to file a "Petition for Enactment." This legal action seeks the court's intervention to force the possessor's removal. 3. Complaint for Damages: When a purchaser encounters damage to the property caused by the possessor after the foreclosure sale, they may file a "Complaint for Damages." This action is pursued to seek compensation for any harm caused, such as destruction or intentional vandalism. 4. Petition for a Writ of Possession: For cases where the possessor of the property refuses to comply with the court's decision, the purchaser may submit a "Petition for a Writ of Possession." This document requests the court to authorize the issuance of a writ, empowering law enforcement to remove the possessor from the premises. 5. Complaint for Trespass: If the possessor remains on the property without the purchaser's consent or authorization, the purchaser can pursue a "Complaint for Trespass." This legal action aims to address the continued unauthorized occupation of the property, seeking eviction and possible damages. Conclusion: In Wake County, North Carolina, purchasers who face challenges regarding the possession of real property after a judicial foreclosure sale have various legal options available. Whether it involves seeking possession, judicial intervention, compensation, or eviction, these complaints or petitions cater to specific circumstances, ensuring purchasers can exercise their rights as property owners. It is essential to consult with an experienced attorney to determine the appropriate course of action based on individual circumstances.

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How to fill out Wake North Carolina Complaint Or Petition By Purchaser Against Possessor Of Real Property After Judicial Foreclosure Sale - Repossession?

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FAQ

So what happens in a foreclosure with equity in the home? Simply put, the equity remains yours, but it will likely shrink during the foreclosure process.

6 Ways To Stop A Foreclosure Work It Out With Your Lender.Request A Forbearance.Apply For A Loan Modification.Consult A HUD-Approved Counseling Agency.Conduct A Short Sale.Sign A Deed In Lieu Of Foreclosure.

Redemption is a period after your home has already been sold at a foreclosure sale when you can still reclaim your home. You will need to pay the outstanding mortgage balance and all costs incurred during the foreclosure process. Many states have some type of redemption period.

What will happen to a homeowner in the event of a non-judicial foreclosure? The trustee involved will sell the home at an auction.

Most in California are nonjudicial, meaning going through the court system is unnecessary. You can stop foreclosure in California either by making a big enough payment toward your mortgage, or filing for bankruptcy.

A nonjudicial foreclosure would allow a lender to foreclose on property without going through the judicial process. A nonjudicial foreclosure sale would be similar to a tax deed sale. The property owner would receive a notice of delinquency and be given a certain period of time to pay the debt in full.

Equity of redemption (also termed right of redemption or equitable right of redemption) is a defaulting mortgagor's right to prevent foreclosure proceedings on the property and redeem the mortgaged property by discharging the debt secured by the mortgage within a reasonable amount of time (thereby curing the default).

Getting a temporary (about 10 days) restraining order. Obtaining a preliminary injunction, which usually lasts until the case is decided. Receiving a permanent injunction with a favorable court ruling.

In a judicial foreclosure state, the lender has to file a lawsuit in court in order to foreclose. In a nonjudicial foreclosure state, the lender can foreclose without going through the court system. Either way, the final step in the foreclosure process is a foreclosure sale.

Three months after the foreclosure sale, if the proceeds from the sale satisfy the indebtedness or. one year, if the sale resulted in a deficiency. (Cal. Civ.

More info

The Title and License Manual is provided primarily as a reference guide for titling and licensing vehicles in the State of North. Carolina. Legal Research in the Office of the Executive Secretary.For additional copies, the BENCHBOOK may be accessed on Virginia's Judicial. Ranked after all maritime liens, was practically worthless. Two highest bidders. An action under this chapter is not available against a joint owner in possession.

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Wake North Carolina Complaint or Petition by Purchaser Against Possessor of Real Property After Judicial Foreclosure Sale - Repossession