Foreclosure Coverage

Wake County foreclosures up 225% in a month
Data from ATTOM Data Solutions shows that foreclosures are up by nearly 247% compared to last year, even as its real estate added $50 billion in value in 2021.

Report: North Carolina foreclosure filings up 85% from last year
Statewide, foreclosure proceedings have increased 85% year-over-year, a new report shows. But there are now fewer foreclosures than prior to the pandemic.

NC has millions to help homeowners facing foreclosure
Any North Carolina homeowner with an income up to $79,900 who can demonstrate pandemic-related financial hardship is eligible for aid. Each household could get up to $40,000.

New $273 million fund available to NC homeowners for help with bills
Nearly two years into the pandemic and almost a year after Congress approved the aid, funds are finally available to North Carolina homeowners who can show they've struggled due to job loss or illness related to COVID-19.

Foreclosures are increasing, still off from pre-pandemic highs
In Wake County, in the third quarter of 2019, there were 398 foreclosures, compared to 70 foreclosures in Wake County in the same period in 2021. Of those, 98 were in Raleigh-Cary.

Foreclosures in Durham County up 150%, in Wake County, up nearly 68%
Following the expiration of programs designed to keep owners in their homes during COVID-19, foreclosure rates have spiked in North Carolina, increasing by nearly 22% statewide since last quarter, a new report found. In Durham County, foreclosures are up 150%, and in Wake County, they're up nearly 68%.

Drop in bankruptcies likely temporary
The federal government has doled out $9 billion in unemployment benefits and more than $1 billion in forgivable business loans in North Carolina in the past year to help families and businesses weather the coronavirus pandemic. The government parachute appears to have worked, as the fewest bankruptcies were reported nationwide in 34 years.

CBC OPINION
JOHN RAILEY: Wake Forest, Winston-Salem State united on residents' property rights
Thursday, March 19, 2020 -- Evictions and foreclosures are big problems with ripple effects nationwide. Families lose stability, credit histories are ruined and children are uprooted from their schools. Educators from Wake Forest University's Environmental Law and Policy Clinic and Winston-Salem State University's Center for the Study of Economic Mobility are confronting problems of property rights through collaborative research backed by New America, a nonprofit based in Washington, D.C., that promotes research nationwide that policymakers can use in confronting problems.

From Florence to foreclosure, Spring Lake residents searching for homes once again
Some Hurricane Florence survivors are now facing a legal storm that could wipe out their homes in Spring Lake.

Property foreclosure forcing people from Spring Lake homes months after Florence flooded them out
Some Hurricane Florence survivors are now facing a legal storm that could wipe out their homes in Spring Lake.