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Banking and Finance

Meck foreclosure filings down 29 percent (access required)

The number of foreclosure filings in Mecklenburg County declined 29 percent in August compared with a year ago, according to the North Carolina Administrative Office of the Courts. There were 729 foreclosure filings in August, down from 1,033 in August ...

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SciVolutions 
building 
foreclosed on (access required)

RBC Bank has foreclosed on the SciVolutions industrial building at 2260 Raeford Court in Gastonia. When the company opened in 2005, it purchased the 24,450-square-foot building for $1.15 million. Scivolutions manufactured bandages. Prior to 2005, the building was home to ...

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Real estate agents don’t have to follow federal rule affecting short sales (access required)

When the Federal Trade Commission created the Mortgage Assistance Relief Services rules in December, it caused a stink in the real estate community. MARS was formed in response to mortgage scams, specifically those involving loan modifications. Real estate agents, in ...

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Mortgage robo-signing goes on

Mortgage industry employees are still signing documents they haven’t read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures. County ...

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