2013-01-14ml-implode.com

North Carolina is a state where foreclosures are increasing at an alarming rate. In April of last year, RealtyTrac was reporting the state's foreclosure filings were up by roughly 52 percent in 2012, with some areas of the state, Greensboro for example, up 140 percent year-over-year. Last year ended with a state wide average increase of 25 percent, and there should be no question that this year won't be getting any better.

It's a state with some interesting foreclosure laws, the kind clearly designed to make it easy for foreclosures to proceed, and legislatively nothing has changed in that regard. There are a few decisions by North Carolina courts that aren't horrible for homeowners, but I'd still have to characterize them as nothing to write home about, pun intended.

Foreclosure laws are state laws and I wanted to know what sorts of things have been transpiring in the Tar Heel State, so I picked up the phone and called Brian Chapman.



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