Do you have a subprime mortgage?  Are you at risk of losing your home?  Legislators in North Carolina have made a bold step in helping these homeowners out by approving an emergency mortgage plan.  This program is designed to reduce foreclosure proceedings by requiring lenders to give homeowners a 45 day notice before foreclosure proceedings start.  During this time, the banking commissioner will examine the terms of the loan and will try to work a deal between the lender and homeowner to save the home.  This bill was unanimously approved by the House and was a slight change to one that had already been passed by the Senate.  For more information on this bill or any other questions about real estate in North Carolina, please contact me.