Forclosures Surged in First Quarter in North Carolina

Foreclosure CrisisMore U.S. homes are entering the foreclosure process, setting the stage for a surge in properties repossessed by lenders this year. That trend includes North Carolina where nearly 3,700 properties are now at some stage in the foreclosure process, a jump from 2,992 in February and 2,541 in January.

The North Carolina number includes 822 in Wake County (up from 485 in February), the second highest total in the state behind Mecklenburg at 867. Guilford is third at 434 followed by Forsyth at 301.

In Durham 42 properties are being foreclosed, down from 44 in February. There were six in foreclosure in Orange County and 22 in Johnston.

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