All nonjudicial foreclosure proceedings commenced by an association before October 1, 2013, and all sales and transfers of real property as part of those proceedings pursuant to the provisions of this Chapter or provisions contained in the declaration of the planned community, are declared to be valid, unless an action to set aside the foreclosure is commenced on or before October 1, 2013, or within one year after the date of the sale, whichever occurs last.
N.C. Gen. Stat. § 47F-3-116.1
Validation of certain nonjudicial foreclosure proceedings and sales
Applied in 1 court decision — leading case 250 N.C. App. 358 - In Re: Foreclosure of Real Property Under Deed of Trust From Garrett (2016)
Most recently applied in 250 N.C. App. 358 - In Re: Foreclosure of Real Property Under Deed of Trust From Garrett (November 2016)
2013-202, s. 4.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.