Charlotte Business Journal: “Mecklenburg, Union worst for foreclosure”

According to an article published today in the Charlotte Business Journal, Mecklenburg and Union counties had the highest frequency of foreclosures in the state last year, with one in 34 housing units facing repossession.

The following is an excerpt from the article:

The statewide average was one in 63 units, according to the data compiled by the N.C. Justice Center.

The top 6 counties by foreclosures per housing unit are:

•Mecklenburg: 1 in 34

•Union: 1 in 34

•Dare: 1 in 37

•Currituck: 1 in 43

•Cabarrus: 1 in 44

•Brunswick: 1 in 45

Mecklenburg had the greatest number of foreclosures last year, at 12,176, followed by Wake County (5,584) and Guilford County (4,101). Forsyth County ranked fourth, at 2,396, followed by Union, at 2,050. Gaston County had 1,705 filings, the ninth-most in the state. Cabarrus County ranked 10th with 1,609.

“Now is the time for our leaders to support vital public investments that create jobs and help people stay in their homes,” said Bill Rowe, director of advocacy at the N.C. Justice Center. “We need to make critical investments in North Carolina’s future prosperity, like preserving essential programs that help homeowners avoid foreclosure.”

The N.C. Justice Center, based in Raleigh, is a research and advocacy organization that seeks to eliminate poverty.
Read more: <a href=”http://www.bizjournals.com/charlotte/news/2011/01/13/mecklenburg-union-worst-for-foreclosure.html?ed=2011-01-13&s=article_du&ana=e_du_pub”>Mecklenburg, Union worst for foreclosure</a>

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