Guarantors Can Now Assert Anti-Deficiency Defense In Collection Matters
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Guarantors Can Now Assert Anti-Deficiency Defense In Collection Matters

Thanks to the North Carolina Supreme Court, guarantors are now permitted to raise the anti-deficiency defense where mortgage lenders purchase a foreclosed property for less than fair market value.  Prior to 2015, only the borrower-owner of the property could avail themselves of N.C.G.S. § 45-21.36 and assert the anti-deficiency defense.  The statute states as follows:…

Beware Of Your Non-Compete Clause
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Beware Of Your Non-Compete Clause

In North Carolina, if you are an employee who is looking to change jobs, it is essential that you examine your Employment Agreement to see what restrictive covenants may be contained therein.  Often, there are confidentiality clauses or clauses that prohibit you from soliciting other employees from your current employer.  One of the most popular…