What is dismissal in mortgage?

A termination statement is a document issued by a lending institution, which establishes that a particular secured loan has been fully repaid. They are commonly used in association with home mortgages, once the mortgage has been paid off.

What should I expect at my foreclosure hearing?

In North Carolina, a foreclosure hearing is held by the Clerk of Court in the county where the foreclosure will occur. If you are planning on keeping your home, you should attend the hearing and you should ask the Clerk for a continuance.

What happens at a summary judgment hearing in a foreclosure case?

The summary judgment hearing means the foreclosure lawsuit is resolved fast, because the summary judgment ends the dispute in a “summary” fashion and the bank gets a judgment to use in foreclosure proceedings on the home.

Where are foreclosure hearings held in North Carolina?

In the State of North Carolina, foreclosure hearings are held by the Clerk of Court or Assistant Clerk of Court, as judges rarely hear foreclosures.

Can a bank foreclose on you without a court order?

Foreclosure Process. In most states, a lender can’t force foreclosure without a court order. If you haven’t been making your payments and the lender decides to foreclose, it typically files a complaint with the court.

In the State of North Carolina, foreclosure hearings are held by the Clerk of Court or Assistant Clerk of Court, as judges rarely hear foreclosures.

What happens if you don’t file an answer for a foreclosure?

If the homeowner files an answer, a foreclosure hearing will be held to determine the validity of the foreclosure. If the court determines that the foreclosure is proper, it will enter a judgment against the homeowner. If the homeowner doesn’t file an answer, the lender will likely get a default judgment, which means the lender wins the case.

How does the foreclosure process work in California?

There is no court hearing, and the process generally is faster than under a judicial foreclosure. The mortgage clause authorizes trustees (who are appointed by the lender) to sell the home to pay off the balance. The lender is obliged to follow out-of-court steps laid out by the state and the mortgage agreement to begin the foreclosure process.