The North Carolina Supreme Court recently clarified that the North Carolina Rules of Civil Procedure and doctrines of res judicata and collateral estoppel do not apply to a non-judicial foreclosure special proceeding. This is welcome news for lenders because it removes the specter of discovery obligations during foreclosure proceedings and gives lenders multiple chances to overcome foreclosure defects.

Foreclosure News

Comments

comments

Leave a Reply

Your email address will not be published.