Foreclosure Glossary

foreclosureWilson County’s tax foreclosures are handled through a contract with Zacchaeus Legal Services For a listing of properties that are currently being processed, please click on link (above) to view their website. If you begin to fall behind in your monthly mortgage payments, your lender may have the right to foreclose on your home. Property owners have a right to reinstate a defaulted mortgage within ninety days of the personal service of the foreclosure complaint.

When the entity (in the US, typically a county sheriff or designee) auctions a foreclosed property the noteholder may set the starting price as the remaining balance on the mortgage loan. You can apply for Legal Aid representation by calling 1-866-219-5262 or applying online See the Find an Attorney Help Topic for additional organizations that represent homeowners in foreclosure and more information about finding an attorney.

Payment in the amount of $60, which includes $50 …