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Foreclosure activity rises in Charlotte (access required)

The Charlotte metro area underwent a frenzy of foreclosure activity last month, posting large increases in scheduled auctions and bank repossessions. However, that doesn’t mean a wave of distressed properties hitting market will hamper home-price appreciation in the Charlotte-Concord-Gastonia region any time soon, according to RealtyTrac. Locally, notices of auction sales spiked 59 percent in January ...

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