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Number of foreclosed Charlotte area homes reverting to lenders rises in May (access required)

Foreclosure activity in the Charlotte-Gastonia-Concord metro area was up 8.28 percent in May from the previous month, a new analysis by RealtyTrac shows. The increase was largely driven by an uptick in the number of properties that were moved into mortgage lenders' ownership following unsuccessful auctions. Year-over-year, however, foreclosures were down sharply, by 34.92 percent, in ...

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