North Carolina General Statutes 45-45. Spouse of mortgagor included among those having right to redeem real property
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Terms Used In North Carolina General Statutes 45-45
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Any married person has the right to redeem real property conveyed by his or her spouse’s mortgages, deeds of trust and like security instruments and upon such redemption, to have an assignment of the security instrument and the uncancelled obligation secured thereby. (1959, c. 879, s. 13.)