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Current as of January 01, 2023 | Updated by FindLaw Staff
(a) The notice of default and intent to forfeit shall contain all of the following:
(1) The name, address, and telephone number of the seller and the seller's agent or attorney giving the notice, if any.
(2) A description of the contract, including the names of the original parties to the contract for deed.
(3) The physical address of the property.
(4) A description of each default under the contract on which the notice is based.
(5) A statement that the contract will be forfeited if all defaults are not cured by a date stated in the notice which is not less than 30 days after the notice of default and intent to forfeit is served or any longer period specified in the contract or other agreement with the seller.
(6) An itemized statement of, or to the extent not known at the time the notice of default and intent to forfeit is given or recorded, a reasonable estimate of, all payments of money in default, and, for defaults not involving the failure to pay money, a statement of the action required to cure the default.
(7) Any additional information required by the contract for deed or other agreement with the seller.
(b) Any notice of default and intent to forfeit must be delivered to the purchaser by hand or by any manner authorized in G.S. 1A-1, Rule 4.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 47H. Contracts for Deed § 47H-4. Notice of default and intent to forfeit - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-47h-contracts-for-deed/nc-gen-st-sect-47h-4.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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