North Carolina passed a bill amending requirements with respect to the postponement of a foreclosure sale. Under the bill, a judicial foreclosure sale may now be postponed for up to 90 days after the original date for the foreclosure sale. Previously, a judicial foreclosure sale could only be postponed for 6 days (exclusive of Sundays). The bill also amends notification requirements in the event a nonjudicial or judicial foreclosure sale is postponed. In addition, the bill permits a nonjudicial or judicial foreclosure sale to be postponed more than once as long as the foreclosure sale is held no later than 90 days after the original date of the foreclosure sale. The bill becomes effective October 1, 2022.
Click to view the North Carolina Senate Bill 769: https://www.tenaco.com/wp-content/uploads/2022/07/NC-SB-769-07-11-22.pdf
