The attorney general of North Carolina, Roy Cooper, has launched an investigation on the procedures for bank owned foreclosed homes used by several mortgage lenders in the state.
Buyers of bank owned properties in North Carolina in the first quarter this year enjoyed more than 28 percent in average price discount. Foreclosure homes were sold at an average price of $143,607 during the quarter.
With record number of foreclosures and homes being sold cheaply to people who buy short sales, it is no surprise that even business properties are being affected in North Carolina.
Bank foreclosures and non-foreclosed dwellings in Charlotte recorded a surge in sales figures. January statistics showed a 4% improvement from one year ago.
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