Tagged: Foreclosure

There is still a long way to go to make up for all the home foreclosures that besieged the country during the past five years.  But there is one home delivery model that has beaten the odds.  Reports show Community Land Trusts across the United States continue to have substantially lower delinquency and foreclosure rates than home owners in the conventional market.  A national gathering of community development leaders met in Durham this week to take a closer look at Community Land Trusts. 

The number of foreclosures in North Carolina was down in the first quarter of 2011. That's according to a report from RealTrac, a firm that tracks foreclosures. But the number is down due to a logjam of foreclosures for lenders, not because there are fewer people going into foreclosure. Banks are being investigated for lending practices that led to the mortgage meltdown. Daren Blomquist with RealTrac says the seemingly good news is artificial.

Foreclosure filings in North Carolina broke a state record last year.

An analysis of 2010 foreclosure filings shows approximately one in 63 housing units in the state faced foreclosure

The North Carolina Justice Center has released a county-by-county look at housing and commercial foreclosure filings.

Jeff Shaw with the Justice Center says numbers show Brunswick, Mecklenburg and Union counties suffered the most. He says the foreclosure problem is a jobs problem.