Foreclosures up 17.5 percent in North Carolina

Data from the North Carolina Administrative Office of the Courts shows that the pace of foreclosures continues to increase. In the first five months of 2008, there were 23,507 foreclosure filings. That is an increase of 3,495 relative to the same period last year in North Carolina.

The increases were greatest along the coast and in the major metropolitan areas. Wake and Orange Counties were an exception, where foreclosures went up but at a rate slower than in the rest of the state.

Guilford, Brunswick, Mecklenburg, and Cumberland all witnessed substantial jumps. Read more details here.