Dec 16 2011
Charlotte-Area Foreclsoure Filings Decline 35% In November!
Foreclosure filings in Mecklenburg County, where Charlotte is located, had a steep decline in November versus the same time frame in 2010–35% fewer filings! November filings were also somewhat lower than October 2011. The number of homes seized by financial institutions also dropped significantly from 404 to 249 year-to-year.
This great news extends to the entire Charlotte metro area, as foreclosure filings for Mecklenburg and and neighboring counties of Gaston, Cabarrus, Anson, Union in North Carolina and York County in South Carolina also dropped to 1,104 from 1,312 as compared with one year earlier–a 16% drop!
In many parts of the country, foreclosure shadow inventory levels are decreasing–boding well for home prices in the coming year.
Shadow Inventory Levels
For more detailed information about foreclosures in the Charlotte metro area visit RealtyTrac. For more information about foreclosure homes for sale visit GreatHomesInCharlotte.com.
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