Foreclosure filings down in state, Winston-Salem

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

WINSTON-SALEM, N.C. — Foreclosure filings in North Carolina fell 40.3 percent to 1,764 in July compared with July 2012, RealtyTrac Inc. said in a report timed for release Thursday. Filings were down 1.9 percent compared with June.

The Winston-Salem metropolitan statistical area had 242 foreclosure filings in July, down 19.1 percent from a year ago and down 29.4 percent from June. The MSA consists of Davie, Forsyth, Stokes and Yadkin counties. Forsyth had 236 of the filings.

Davidson County was grafted into the Winston-Salem MSA by a federal agency in February, but its foreclosure filings have not been added yet to the RealtyTrac data.

Filings in the Greensboro-High Point MSA were down 40.8 percent to 267 compared with a year ago, but up 46.7 percent from June. Filings in the Raleigh-Cary MSA were up 38.5 percent to 133 compared with a year ago, and down 26.1 percent from June.

Filings in the Charlotte-Gastonia-Concord MSA were down 48.4 percent to 593 compared with a year ago, and down 29.9 percent from June. Filings in the Durham MSA were down 79.9 percent to 28 compared with a year ago, and unchanged from June.

“ There are a dozen states, however, where foreclosure activity levels in July were at or below average monthly levels prior to the bubble bursting,” said Daren Blomquist, vice president of RealtyTrac. “Those states include Texas, Colorado, Oklahoma, Indiana and Michigan, and we expect the number of states in this category to increase in the coming months.”

RealtyTrac said North Carolina’s foreclosure numbers for July are 9 percent above the pre-housing bust levels. Go to www.realtytrac.com/trendcenter for details.

Credit: Richard Craver/Winston-Salem Journal

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.