State News

N.C. expands help for homeowners facing foreclosure

Posted September 15, 2009
Updated September 16, 2009

— North Carolina Attorney General Roy Cooper and deputy state banking commissioner Mark Pearce announced an expansion Tuesday of the Home Foreclosure Prevention Project.

The project, which connects homeowners with counseling, legal advice and non-profit organizations, has been available to those with sub-prime loans for almost a year.

On Tuesday, Cooper and Pearce announced that those resources would be offered to any North Carolina homeowner struggling to pay a mortgage.

Homeowners can access immediate, free assistance from HUD-certified 1-866-234-4857 (weekdays from 8 a.m. to 9 p.m.; Saturdays from 8 a.m. to 5 p.m.)

The state Office of the Commissioner of Banks estimates that more than 5,000 homeowners have been helped by the program since its creation in November 2008.

To publicize the message, the Center for Responsible Lending, with funding from the N.C. Association of Realtors, the State Employees Credit Union and the Z. Smith Reynolds Foundation, is producing informational advertisements television and the Web.

Cooper reminded homeowners that, under North Carolina law, it is illegal to charge an upfront fee for foreclosure assistance.

The Attorney General’s office acted on more than 130 foreclosure assistance scams since January of 2008, Cooper said.

“Do not pay anyone that claims they will help you work out your mortgage loan,” Pearce said. “You can get better assistance for free from North Carolina’s fightNCforeclosure program.”

Foreclosure scams can be reported to the Attorney General’s office by calling 1-877-5-NO-SCAM or filing a complaint online at


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  • Lloyd Christmas Sep 17, 2009


    I don't think the Banks are innocent. Those caught up in this mess should fail as well. But a lot of this stemmed from the Community Redevelopmet Act that passed under Carter and strenghtened by Clinton which mandated that banks and other institutions lend to low income borrowers and relaxed the rules about documentation and other things. Thus opening the doors for banks to take much of the risk as they choose.

    Some banks chose to take the risk and got bailed our for their stupidity. Sorry i did not clarify that position before. So i agree with you in saying that the banks helped create this mess as well.

  • jrfergerson Sep 16, 2009

    From what I see Bank of America isn't cutting it on the buying out of others. Somehow the escrow a friend of mine was lost in the transaction of Bank of America's purchase of the company she had her home financed with.

  • miketroll3572 Sep 15, 2009

    Animallover: You might want to get your ac checked. Mine is unit is 16yrs old and is in need of replacement, just can't afford it right now. My electric bill has been the same as yours, it keeps going up cause the ac never stops unless cooler weather comes.

  • DeathRow-IFeelYourPain-NOT Sep 15, 2009

    And why does anyone need help? Bernanke said today that the depression was over. So no one should need financial help.

  • LambeauSouth Sep 15, 2009

    The problem is a mix of reckless lending forced on banks by the feds and risky borrowing by people wanting a house.

    The Banks were not forced to purchase toxic loans and create this fiasco, they are far from innocent in this whole thing,
    and they get bailed out and the crooks continue to reap the rewards with bailouts and create mortage companies built on
    the same principles as before. I'm sorry but anyone that thinks these banks are innocent in any of this is just plain not paying attention.

    If I saw the CEO and CFO's of any Banks on the street or in the poor house that would be my just rewards. Follow the greed and you will find the problem.

  • time4real Sep 15, 2009

    and RC moves 1 step closer to being the next Governor. watch and see! now do something for ME Roy!

  • mrduright Sep 15, 2009

    No one was complaining when their home values where throught he roof. Now all the sudden it Obama's fault All H was breaking loose well before 01/20/09. So you can save it !

  • anti-Hans Sep 15, 2009

    Very interesting article on front page of today's USA Today Money section. Most people "helped" by these gov't mortgage assistance programs actually end up paying MORE after the program. Loans are extended, fees are added in, late charges and penalties are added, and when all is said and done, the homeowner is worse off.

  • BigUNCFan Sep 15, 2009

    Animal Lover,

    I would check your house and make sure there is not something obvious draining the power like a malfunctioning appliance. Check your bill and see if the kw usage is going up (your $/kw should be fairly constant). There should be a usage chart on the bill showing the usage for the last few months.

    There could be an insulation problem or you may have bought more appliances or a new additional tv or something. If your bill continues to go up, you may want to google ways to save electricity.

    You can also get on a management program with the electric company where they have meters that shut off certain appliances during peak load time and that may save you money.

    I might also have an electrician come in and see if there are any things draining power.

    CP&L actually is contemplating a rate decrease in the coming months being that energy costs are lower so I don't think there has been a recent rate increase.

  • CestLaVie Sep 15, 2009

    "...those resources would be offered to any North Carolina homeowner struggling to pay a mortgage."

    Really?? Hey - we're struggling, thanks to a cut in pay & reduced hours by my husband's company, thanks to this wonderful "recession" (HA!) we're in, thanks to completely irresponsible & big gov (nationally & locally), thanks to O's promise of CHANGE!! We got change all right; change from a solid income to a decreased one.

    And, what's with Progress Energy & their rate increases?? We've been in our mortage & house for almost 13 years now. Summer electric bill has never been over $150-175 June-Sept; thermostat stays at 75 degrees. This year, it began creeping towards $200 in June, more in July, over $200 in August. Lord knows what the Sept bill will bring. Usage has not changed on our part with nothing to spike these increases. Thank you to the rate increase board & all the PE execs benefitting in bonuses & bennies!

    The unemployed aren't the only ones struggling.