Paul Yancey Hines and Associates LLC 19615-B Liverpool Pkwy Cornelius, NC, 28031
Cell: 704-287-4696
Lake Norman News
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Cornelius News
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Local news for Cornelius, NC continually updated from thousands of sources on the web. |
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County commissioners amend noise ordinance
By Thomas Smith Staff Reporter tsmith@elkintribune.com Yadkin County commissioners voted unanimously Monday to alter the county's noise ordinance in order to make it more direct and understandable for law enforcement and citizens.
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North Carolina refines taste for beer
Connoisseurs gathered Saturday, May 12, at Rural Hill to get a taste of North Carolina's next big thing - craft beer.
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Cornelius celebrates day of prayer
Communities around the country recognized National Day of Prayer on May 3. Lake Norman community members gathered at Cornelius Town Hall for prayer focused on national, state and local leaders, the military and local schools and churches.
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when foreclosure begins |
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When does foreclosure begin?
Lenders will initiate foreclosure proceedings when homeowners become delinquent in their mortgage obligations, usually after three payments are missed. The lender will then notify the buyer in writing that he or she is in default. The lender can request a trustee's sale or a judicial foreclosure, in which the property is sold at public auction.
A borrower can cure the default by paying the overdue amount and the pending payment after the notice of default is recorded, usually no later than a few days before the property's sale.
Some sales allow the successful bidder to take possession immediately. If the former owner refuses to vacate the premises, the court can issue an unlawful detainer that allows the sheriff to come out and evict them.
Borrowers should do everything they can to avoid foreclosure, which is one of the most damaging events that can occur in an individual's credit history.
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