CHARLOTTE FORECLOSURES FALL IN APRIL
Foreclosure rates in the Charlotte area fell in April from the same month last year, according to data released Tuesday by CoreLogic.
In the Charlotte-Gastonia-Rock Hill area, the rate of foreclosures among outstanding mortgage loans was 2.33 percent, down from 3.43 percent a year ago. The decrease marks the third consecutive month that foreclosure rates have fallen in the area.
The Charlotte-area rate remained lower than the national rate of 2.65 percent.
Fewer mortgages were delinquent in April from a year ago, CoreLogic said. In April, 5.52 percent of mortgage loans were 90 days or more delinquent, down from 6.82 percent last year.
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