Charlotte pre foreclosure homes have contributed to the rise in apartment vacancy rate in the area. Foreclosure activity in Charlotte and other areas of Mecklenburg County surged by 82 percent in February.
Foreclosures in Charlotte are still surging as unemployment continue to batter homeowners. In Mecklenburg, where Charlotte is the county seat, 940 households received foreclosure notices in February this year, an 82-percent increase from notices filed in February 2009.
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