Home and Gardening

The North Carolina legislature adopted new laws to help prevent homeowners with subprime loans in foreclosure. If a homeowner with a subprime loan defaults on its loans, the lender is now obliged to send the homeowner a Pre-Foreclosure notice at least 45 days prior to the filing of the notice of the foreclosure hearing. The Pre-Foreclosure Notice must bring proof of a single past due amounts and other charges which are charged to the loan current, and a declaration that the homeowner may have options other than foreclosure, too. In addition, the notification must also contact information for the lender, the North Carolina Office of the Commissioner of Banks and other HUD approved foreclosure counseling agencies.

The intention is to provide homeowners who fell behind on their mortgage note before her house actually in foreclosure, in foreclosure, they may in the near future and that there are options available, it can allow them to her home to save and / or their credit – guests.

Dan Zeller and Scott Rudd’s founding partner Dan Zeller, originally from Ohio, received his bachelor’s degree in finance and management from Defiance College and his law degree from the University of Toledo College of Law. He is a member of the North Carolina Bar, South Carolina, Bar, Bar and Mecklenburg County, North Carolina Bar Association. His practice is focused on residential and commercial properties, foreclosure alternatives, landlord-tenant law and estate planning. Scott Rudd, North Carolina native, earned a bachelor’s degree in accounting from Campbell University and his law degree from the Norman Adrian Wiggins School of Law at Campbell University. He is a member of the North Carolina Bar, Bar and Mecklenburg County, North Carolina Bar Association. His practice is focused on residential and commercial real estate, business and litigation, foreclosure alternatives and work with associations of homeowners. Prior to founding Zellers PLLC Rudd, Dan Zeller and Scott Rudd worked together in real estate finance group of some of the leading international law firms in the nation. They placed large national banks and servicers in the multi-million dollar commercial property transactions as well as multi-billion dollar commercial loan securitizations. These transactions were the negotiations of major maintenance contracts and the implementation of large commercial loans, loan assumptions, cancellations, releases and package are other issues at large support all commercial real estate throughout the country. In addition, her work before, which gave them extensive experience in all aspects of residential real estate and residential real estate transactions including loan accounts, foreclosure, landlord-tenant law, working with associations of homeowners default judgments and private transactions.

For more information about Charlotte foreclosure and foreclosure alternatives, please visit http://zellersrudd:. com / areas_of_practice / foreclosure_alternative. aspx

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