N.C. Foreclosures Down 50 Percent in February

Posted on March 12, 2009 
Filed Under Foreclosure, Real Estate

The number of foreclosures in North Carolina fell 49.7 percent in February from the same period last year, according to data from RealtyTrac Inc.

The state had 2,039 foreclosures in February, with one in every 2,023 homeowners receiving a default notice, auction-sale notice or bank-repossession filing.

Foreclosure filings in North Carolina fell 14.5 percent in February from January.

Across the country, foreclosure filings rose nearly 30 percent last month from February 2008. There were 290,631 foreclosure filings, which affected one in every 440 U.S. households.

Filings rose 5.9 percent last month from January.

Nevada, Arizona and California posted the top foreclosure rates in the country last year.

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Source: The Charlotte Business Journal

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