Stop Foreclosure North Dakota

Did you know there are several programs that can help save your North Dakota home and stop the impending foreclosure? Loss Mitigation Agencies, such as ours, are experts in these programs and have assisted thousands of homeowners by providing straight answers and viable solutions.

Sometimes things beyond your control can put you into a financial bind that makes it hard to keep up with your mortgage payments. Don't let a missed mortgage payments in North Dakota ND turn into default, mortgage foreclosure or eviction.

You and your family can rely upon us to provide guidance, comfort and assurance through this current situation. Let us reduce your stress and put you at ease.

Complete the quick form on the right side of this page and our professional loss mitigation legal expert will contact you!

There is no obligation and all information is strictly confidential.

North Dakota ND Foreclosure Laws

Lenders in the state of North Dakota may foreclose on a mortgage in default using a judicial foreclosure process.

Judicial Foreclosure

A judicial process of foreclosure requires that the lender file a lawsuit and attain a court order to foreclose on a particular property. This type of process is generally used when no power of sale is present in the mortgage or deed of trust. A power of sale is a clause found in a deed of trust or mortgage that authorizes the sale or transfer of land as outlined by the terms of that clause.

Judicial Foreclosure Procedure

The lender must give the borrower no less than thirty (30) days advance notice of their intent to foreclose. Notice is sent to the borrower no later than ninety (90) days before the suit is filed. Under North Dakota law, the lawsuit paperwork must require that the attorney bringing the suit hold a power of attorney to act on behalf of the lender. The lender must also declare in the original lawsuit whether or not the lender will pursue a deficiency judgment against the borrower if the foreclosure sale does not yield enough money to pay off the outstanding loan balance.

The foreclosure sale can be stopped by the borrower paying the defaulted amount, plus foreclosure costs, prior to the time the sale is confirmed by the court.

The foreclosure sale is conducted by the sheriff or their deputy in the county where the property is located. The property is sold to the highest bidder. After the sale and the borrower’s redemption period have ended, the buyer will receive a certificate of sale.



Legal Information Is Not The Same as Legal Advice This site provides information about North Dakota state foreclosure law designed to help users safely cope with their own legal needs and possible find alternatives. Everyone's legal status is different. The laws of every state are in constant change and we recommend you consult a lawyer.