N.C. ranks 34th in April foreclosure report

North Carolina was third highest in the country for foreclosed property growth from March to April, according to RealtyTrac. Its monthly property foreclosure report said only New Mexico and Massachusetts had higher increases, although North Carolina was ranked just 34th in the country and actually had a year-over-year decrease.

RealtyTrac data

The report shows that one in every 374 U.S. housing units received a foreclosure filing in April, the highest monthly foreclosure rate ever posted by RealtyTrac — the leading online marketplace for foreclosure properties.

James J. Saccacio, chief executive officer of RealtyTrac, said:

…many lenders and servicers are beginning foreclosure proceedings on delinquent loans that had been delayed by legislative and industry moratoria. It’s likely that we’ll see a corresponding spike in REOs as these loans move through the foreclosure process over the next few months

via Foreclosure Activity Remains at Record Levels in April According to RealtyTrac(R) U.S. Foreclosure Market Report.

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