Charlotte Mortgage Foreclosures
January 21st, 2006 by JTJ

Three-Day Series

summary stolen from (

Charlotte Mortgage Foreclosures
Posted by Derek on January 18th, 2006. Filed under Fed Data, Mapping.

     Lisa Hammersly Munn, Binyamin Appelbaum and Ted Mellnik of the
Charlotte Observer have a three-part series on mortgage foreclosures,
finding that home loan failures have more than quadrupled in Mecklenburg
County since 1999. More foreclosures are filed here, per person, than any
other county in the state. On average, 11 Mecklenburg houses are sold in
foreclosure auctions every business day. The owners are evicted, their
credit ruined, and they face thousands in court fees and moving expenses.
     Included with the series is an interactive map of Mecklenburg County
foreclosures and a sidebar reporting that local loans from the Federal
Housing Administration are failing at almost twice the national rate.

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