November 26, 2014

Charlotte Foreclosure Activity Rates Remain Unchanged

Charlotte Foreclosure Activity Rates Remain Unchanged

According to a report released by CoreLogic last Tuesday, residential foreclosure activities in Charlotte last September remain to be below the year-ago rates. However, there have been no improvements in such area.

In the month of September, the foreclosure rate in Charlotte-Concord-Gastonia metro was 1 percent, which is down from 1.8 percent a year ago. Such figures remain the same from August.

But the local foreclosure activity rate remains better than the national rate of 1.6 percent for the month of September while it is still higher than the statewide rate of North Carolina at 0.9 percent.

CoreLogic’s report also shows that the mortgage-delinquency rate in Charlotte has also dropped year-over-year with only 3.7 percent of mortgage loans delinquent 90 days or more. This is a slight decline from September 2013’s rate at 4.8 percent. But like the residential foreclosure activity rates in Charlotte, such figure also remains the same from August.

Overall, CoreLogic’s report shows that both figures have greatly improved every month since the early months of 2012.

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