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8:43 p.m. • 5-23-13

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Published: 2010-11-08 12:03:42
Updated: 2010-11-08 12:03:42

Triangle foreclosure filings to set record, housing group forecasts


Foreclosure filings climb
Housing sales, foreclosure
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Foreclosure filings are projected to set a record in North Carolina and across the Triangle this year, according to the N.C. Justice Center.

The advocacy group for low- and moderate-income N.C. residents estimates that nearly 75,000 filings will be made by year’s end. The record of 63,286 was set last year.

Filings are projected to top the previous record as of Nov. 23.

In the Triangle, Wake County is expected to finish second to Mecklenburg County with 5,800 filings. In 2009, 5,177 filings were made and in 2008 as the current recession began there were 4,744 filings.

In Durham, filings are projected to hit 1,900. That would be an increase of 107 from 2009.

In Orange County, filings are expected to rise to 403 from 333 a year ago.

Johnston County filings are estimated to finish down slightly at 1,296 from 1,306 in 2009.

The Justice Center said the data pointed out a need to “protect homeowners” and expand the availability of more affordable rental housing.

Top 10 counties based on projected foreclosure filings:

1. Mecklenburg (11,713)
2. Wake (5,800)
3. Guilford (4,360)
4. Forsyth (2,532)
5. Union (2,132)
6. New Hanover (1,979)
7. Durham (1,900)
8. Gaston (1,828)
9. Brunswick (1,801)
10. Cumberland (1,698)

Top 10 counties per capita projected foreclosure filings:

1. Dare (2.76 percent of individuals)
2. Brunswick (1.63)
3. Currituck (1.45)
4. Mecklenburg (1.29)
5. Clay (1.16)
6. Cherokee (1.13)
7. Union (1.06)
8. Pender (1.05)
9. New Hanover (1.01)
10. Jackson (.97)
 


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Latest Comments
It's simple, if you don't pay you get kicked out. Yet the liberals are trying to keep these people who can't make their payments in their homes.

Mako, there is too mcuh work to do in order to get you up to speed. You are soo far off that it is impossible in this format to help you understand that you do not understand. Maybe another time.

HappyDaysAhead,

On top of that, you're paying essentially your enemy. They make more money, the more you pay.

They have NO interest in you finding a low price. Or seeking a cheaper house if they know you can "afford" more.

As the search goes on, they get impatient and want you to just settle.

One agent said to me one time "Well you HAVE to buy SOMETHING as SOME point"

To which I said "Uh, no. I don't have to buy ANYTHING if I don't want to"

Agents don't work FOR you. They work AGAINST you, to match you with the highest price they can get you to accept, accountable for nothing you buy, and such a huge cost it SHOULD be criminal.

HappyDaysAhead,

Let's be specific and brief.

Detail for ME why I should pay $12,000 to a Real Estate Agent to sell my 200k house?

What will that agent do that is worth the price almost of a car? (have access to a network, know whats open, make phone calls. 1/2 a years secretary salary for a few hours work?!?)

And what are they bound by law to do for me for that price?

HappyDaysAheadj,

Pray tell me what the Realtor is BOUND BY LAW to DO for YOU that "earns" them percentages on your home?

If your million dollar home all of a sudden finds itself next to a county dump put in a year later that was on the planning books for 10 years, does the Real Estate Agent have to find that out and tell you?

No.

If a Hog Farm is planned to go in or zoned next door, do they have to point out to you that the lack of residential zoning could affect the quality of your living there or the price of your property?

No.

They make YOU sign agreements to use them, but what are they bound to give YOU in return? Consideration that they are accountable to? That in effect is worth percentages of many thousands of dollars?

You'll responds with nothing again. Because there is nothing they are accountable for that materially may affect your property's price (much less it's livability) yet they make money off of that price. For driving you around. Research? LMAO!

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