N.C. foreclosures drop in August – The Business Journal of the Greater Triad Area
N.C. foreclosures drop in August – The Business Journal of the Greater Triad Area.
North Carolina’s residential foreclosures in August fell 0.9 percent from July but are up more than 12 percent from a year ago.
Some 4,844 N.C. homes were in the foreclosure process in August, or one of every 867 households. The state ranks 35th in the nation for rate of filings, according to RealtyTrac Inc.
Foreclosures in the state rose 12.2 percent from August of last year.
Last month’s foreclosures nationwide increased 4 percent from July but dropped 5 percent from August 2009. One in every 381 U.S. households received a foreclosure filing last month.
“The trend lines of decreasing default notices and increasing bank repossessions converged in August, with virtually the same number of new default notices and bank repossessions for the month — a clear indication that the clogged foreclosure pipeline is being carefully managed on both ends by lenders and servicers,” says James Saccacio, chief executive at RealtyTrac.
Nevada, for the 44th consecutive month, had the country’s highest foreclosure rate, with one of every 84 homes receiving a foreclosure filing. The state had 13,385 residential properties in foreclosure in August.
Vermont had the lowest foreclosure rate, with a total of 17 filings.
Read more: N.C. foreclosures drop in August – The Business Journal of the Greater Triad Area
This entry was posted on September 29, 2010 by Terrie Fink and Associates. It was filed under Charlotte Area Real Estate, Keller Williams, Lake Norman Real Estate, NC Forclosures, Real Estate, Terrie Fink and was tagged with Agent, Broker, Buyer’s Agent, Charlotte, Charlotte Area Real Estate, Charlotte Real Estate, Concord, Condos for Sale, Corcord NC, Cornelius, Davidson, Denver, For Sale By Terrie Fink, Foreclosure, Homes For Sale, Huntersville, Hutersville NC, Kannapolis, Kannapolis NC, Keller Williams, Lake Norman, Lake Norman Area Real Estate, Lake Norman Homes for sale, Lake Norman Land for sale, Land For Sale, Listing, Mooresville, NC, North Carolina, Realtor, Search for Homes in the Charlotte Area, Search for Homes on Lake Norman, Seller’s Agent, Sherrillis Ford, Sherrills Ford, Short Sale, Terrie Fink, Troutman.
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