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GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2009HOUSE BILL 794 RATIFIED BILL AN ACT TO AMEND THE LAW GOVERNING SUBSTITUTION OF TRUSTEES IN MORTGAGES AND DEEDS OF TRUST. The General Assembly of North
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In re form foreclosure is a legal process where a lender takes possession of a property from a borrower who has failed to make mortgage payments.
The lender or the entity who holds the mortgage on the property is required to file in re form foreclosure.
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The purpose of in re form foreclosure is to allow the lender to take possession of the property and sell it to recoup the outstanding mortgage debt.
The information that must be reported on in re form foreclosure includes details of the borrower, the property, the mortgage agreement, and the missed payments.
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