Charlotte 62nd in U.S. for foreclosures
One in every 192 homes in the Charlotte area had a foreclosure filing in the first quarter, ranking the region 62nd among more than 200 U.S. metropolitan areas, Irvine, Calif.-based RealtyTrac said today.
RealtyTrac examined foreclosure activity in 212 metro areas with at least 200,000 residents apiece.
The Charlotte-Gastonia-Concord area had 3,844 properties with a foreclosure filing in the quarter, up 17.3 percent from the fourth quarter of 2011 and up 19.8 percent from the same quarter last year.
The report examines properties in all three phases of foreclosure: default, auction and real-estate owned.
In the Charlotte area, defaults totaled 428; auctions, 2,085; and REOs, 1,331.