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Charlotte foreclosure activity rose 37 percent in 2010

One in every 50 homes in the Charlotte metropolitan area had foreclosure filings started against them in 2010, an increase of more than 37 percent over 2009, according to a report released Thursday by Irvine, Calif.-based RealtyTrac.

There were 14,732 properties with foreclosure filings in the Charlotte metropolitan area in 2010, up from 10,732 reported in 2009.

It’s a 50 percent increase from the 9,802 filings in 2008, 55 percent more than the 9,464 in 2007 and 233 percent more than the 4,419 in 2006.

North Carolina also had an increase in filings last year. The state had 40,151 filings, up 41 percent from 28,384 in 2009.

But foreclosure filings dropped more than 21 percent in the metro area in December from December 2009, mirroring a national trend, RealtyTrace said. There were 1,092 properties with foreclosure filings in the metro area in December: 76 properties in default, 619 scheduled for auction or sale and 397 repurchased by banks. One in every 669 homes in the metro area had a foreclosure filing, down more than 16 percent from November.

In North Carolina, foreclosure filings in December were down more than 15 percent from December 2009. There were 311 properties in default, 1,488 schedule for auction or sale and 1,206 repurchased by banks. There were 3,005 properties with foreclosure filings, or one in every 1,398 homes, a decrease of more than 26 percent from November.

In the same report, RealtyTrac said fourth-quarter 2010 foreclosure filings rose 22 percent in North Carolina from the same quarter in 2009. There were 1,407 properties in default, 5,323 scheduled for auction and 4,500 repurchased by banks. There were 11,230 filings, or one in every 374 homes, down nearly 15 percent from the third quarter of 2010.

There was no fourth-quarter data for the Charlotte metro area.

In South Carolina, foreclosure filings increase 12 percent in December from December 2009. There were 1,324 properties in default, 597 scheduled for auction and 1,093 repurchased by banks. There were 3,014 properties with foreclosure filings, or one in every 682 homes, a drop of 22 percent from November.

Nationwide, there were 3.8 million foreclosure filings on a record 2.87 million U.S. properties in 2010, an increase of nearly 2 percent from 2009 and an increase of 23 percent from 2008. In 2010, 2.23 percent of all U.S. housing units, or one in 45, received at least one foreclosure filing during the year, up from 2.21 percent in 2009, 1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in 2006.

Foreclosure filings were reported on 257,747 U.S. properties in December, a decrease of nearly 2 percent from November and a decrease of 26 percent from December 2009, the biggest annual drop in foreclosure activity since RealtyTrac began publishing its foreclosure report in January 2005, giving December the lowest monthly total since June 2008.

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