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Hello:
Can anyone tell me how long a bank has in NC to come after someone after the home is foreclosed on?
I have heard 1, 3,5 and 10 years? Isn't there a statue of limitations?
If the bank does pursue me for the foreclosure deficiency,. What are some of the options other than BK?
I have no other debt, except a modest car payment that I have never been late on.
Any help is appreciated.
For a Promissory Note: 5 years, Written Contract: 3 years are the terms for the statue of limitations on debt collection in NC.