Does North Carolina require written notice of default and acceleration?
A. Written notification of default and acceleration prior to initiation of foreclosure proceedings is only required as may be set forth in the terms and conditions of the Deed of Trust and Note. However, a hearing to confirm the existence of default and the requisite authority of the Trustee and Lender to proceed with foreclosure is required as the preliminary step to foreclosure. Notice (which includes the nature of the default) of this hearing is required to be served in accordance with state statutes upon the borrower(s), any other person cited in the security instrument as requiring notice, and the current owner(s) of the property being foreclosed upon.
