§ 45-21.1 – Definitions; construction.
45-21.1. Definitions; construction. (a) The following definitions apply in this Article: (1) "Resale" means a resale of real property or a resale of any leasehold interest created by a lease of real property held pursuant to G.S. 45-21.30. (2) "Sale" means a sale of real property or a sale of any leasehold interest created by […]
§ 45-21.2 – Article not applicable to foreclosure by court action.
45-21.2. Article not applicable to foreclosure by court action. This Article does not affect any right to foreclosure by action in court, and is not applicable to any such action. (1949, c. 720, s. 1.)
§ 45-21.4 – Place of sale of real property.
45-21.4. Place of sale of real property. (a) Every sale of real property shall be held in the county where the property is situated unless the property consists of a single tract situated in two or more counties. (b) A sale of a single tract of real property situated in two or more counties may […]
§ 45-21.7 – Sale of separate tracts in different counties.
45-21.7. Sale of separate tracts in different counties. (a) When the property to be sold consists of separate tracts of real property situated in different counties, there shall be a separate advertisement, sale and report of sale of the property in each county. The report of sale for the property in any one county shall […]
§ 45-21.8 – Sale as a whole or in parts.
45-21.8. Sale as a whole or in parts. (a) When the instrument pursuant to which a sale is to be held contains provisions with respect to whether the property therein described is to be sold as a whole or in parts, the terms of the instrument shall be complied with. (b) When the instrument contains […]
§ 45-21.9 – Amount to be sold when property sold in parts; sale of remainder if necessary.
45-21.9. Amount to be sold when property sold in parts; sale of remainder if necessary. (a) When a person exercising a power of sale sells property in parts pursuant to G.S. 45-21.8 he shall sell as many of such separately described units and parcels as in his judgment seems necessary to satisfy the obligation secured […]
§ 45-20.1 – Validation of trustees' deeds where seals omitted.
45-20.1. Validation of trustees’ deeds where seals omitted. All deeds executed prior to January 1, 1991, by any trustee or substitute trustee in the exercise of the power of sale vested in him under any deed, deed of trust, mortgage, will, or other instrument in which the trustee or substitute trustee has omitted to affix […]
§ 45-8 – Survivorship among donees of power of sale.
45-8. Survivorship among donees of power of sale. In all mortgages and deeds of trust of real property wherein two or more persons, as trustees or otherwise, are given power to sell the property therein conveyed or embraced, and one or more of such persons dies, any one of the persons surviving having such power […]
§ 45-9 – Clerk appoints successor to incompetent trustee.
45-9. Clerk appoints successor to incompetent trustee. When the sole or last surviving trustee named in a will or deed of trust dies, removes from the county where the will was probated or deed executed and/or recorded and from the State, or in any way becomes incompetent to execute the said trust, or is a […]
§ 45-10 – Substitution of trustees in mortgages and deeds of trust.
45-10. Substitution of trustees in mortgages and deeds of trust. (a) In addition to the rights and remedies now provided by law, the noteholders may, in their discretion, substitute a trustee whether the trustee then named in the instrument is the original or a substituted trustee or a holder or owner of any or all […]