RealtyTrac is chock full of information about foreclosure trends. Here's a map of Mecklenburg County's foreclosure hot spots based on September 2011 data. The Charlotte region leads the state in the number of foreclosures.We wish more Charlotteans at risk of losing their homes educated themselves and this series we wrote on foreclosure is a good place to start.For answers to your specific … [Read more...]
NC Foreclosures
December 17, 2009 By
A recent Wall Street Journal article quoted figures estimating that 23% of homes have mortgage balances greater than the value of their homes -- a condition referred to as being "under water" in your home. Mortgage troubles are not limited to the unemployed. About 588,000 borrowers defaulted on mortgages last year even though they could afford to pay -- more than double the number in 2007, … [Read more...]