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Foreclosure activity down from last year, but Mecklenburg and York counties see month-over-month spike (access required)

Foreclosure activity down from last year, but Mecklenburg and York counties see month-over-month spike <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/10/lock1.png" border=0/></span>

Although foreclosure activity in the Charlotte area has declined over the past year, it jumped up between July and August this year in Mecklenburg and York counties, according to a report issued by RealtyTrac.

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Lending a hand: Bank opens Charlotte operation, targets homebuilders (access required)

“The builders will have to be financially qualified with effective business models and financial discipline," said Bill Bickett, who is spearheading the creation of the Charlotte-based division of the bank. "But smaller builders have had more problems getting financing. We’ll be looking at loans from $2 million to $6 million. That’ll be our sweet spot.”

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