Often, yes, if the sale closes in time. Many North Carolina home loans use a deed of trust with a power of sale, which lets the lender seek foreclosure through a hearing before the clerk of superior court instead of a lawsuit. For a qualifying home loan on your main home, the servicer must mail notice at least 45 days before filing for the hearing; this rule does not cover every loan, including home-equity lines and reverse mortgages. The hearing notice must be served at least 10 days ahead. The clerk checks for a valid debt, default, the right to foreclose, and proper notice; if the clerk allows the foreclosure, you have 10 days to appeal. The sale notice is posted at the courthouse for at least 20 days and published in a newspaper once a week for two weeks. After the public auction, an upset bid can be filed for 10 days after the sale report is filed with the clerk. A new bid must beat the high bid by at least 5% and $750, and each new bid starts another 10-day period. If the last day falls when the clerk's office is closed, the deadline moves to its next open day. Paying the loan and sale costs in full before the last upset-bid period ends stops the foreclosure; once a 10-day period ends with no new bid, the sale is final. If a foreclosure sale is scheduled, tell us the date right away so we can try to close before it.