The investor should file a written complaint with CMIC stating the grounds for the complaint and attaching thereto documents to support the claim. If CMIC finds that there is probable cause for the complaint, CMIC will commence investigation.
A default judgment is a judgment entered by a civil court when a defendant does not respond timely to a plaintiffâs lawsuit brought against him.
Read on to learn what a deficiency judgment is, when your mortgage lender can collect one against you in North Carolina, and what happens to the deficiency in a short sale or a deed in lieu of foreclosure in North Carolina.