Foreclosure service for NC

The Law Office of Richard R. Foust, P.A., a small business contractor, was awarded a multiple-award Blanket Purchase Agreement by the U.S. Department of Agriculture (USDA) Rural Housing Service, North Carolina State Office, to provide non-judicial foreclosure legal services in support of the USDA's Section 502 Single Family Housing loan program. The contract vehicle, effective from October 24, 2016, through September 30, 2017, carries a ceiling value of $150,000.00 and was awarded without a set-aside designation. The contractor provides attorney costs for foreclosure representation, judgments, and related legal actions on delinquent Section 502 loans across multiple North Carolina counties, with individual task orders valued at $900 to $1,100 per case. The work is performed in North Carolina state courts, with places of performance spanning diverse county locations including Leland, Franklinton, Randleman, Robersonville, Coats, Fuquay-Varina, Lenoir, Bunn, Clayton, Lincolnton, Jefferson, Murphy, Granite Falls, Colerain, Franklin, Hiddenite, Engelhard, Elizabethtown, Sanford, Shelby, Kinston, Roanoke Rapids, Warne, Zebulon, Waynesville, Henderson, Wilmington, Four Oaks, Wendell, Castle Hayne, Kenly, Laurel Hill, Mocksville, Otto, Whitsett, Wilson, Wingate, and Fayetteville.

The task orders documented within this contract represent individual attorney cost authorizations for specific borrowers with delinquent Section 502 loans, with over 50 distinct cases issued on January 2, 2017. Each task order is structured as a firm fixed-price call under the blanket purchase agreement, with completion targeted for September 30, 2017. The USDA Rural Housing Service subsequently expanded its relationship with the Law Office of Richard R. Foust, P.A., awarding a larger $7 million single-award blanket purchase agreement in June 2020 to deliver comparable foreclosure legal services on an estimated 1,400 Section 502 loan cases through June 2023, demonstrating the contractor's established capability and performance in supporting the agency's loan servicing and default resolution operations across rural North Carolina.