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Business & Economy

NC Foreclosure Filings Hit Record

Foreclosure filings in North Carolina broke a state record last year.

An analysis of 2010 foreclosure filings shows approximately one in 63 housing units in the state faced foreclosure

The North Carolina Justice Center has released a county-by-county look at housing and commercial foreclosure filings.

Jeff Shaw with the Justice Center says numbers show Brunswick, Mecklenburg and Union counties suffered the most. He says the foreclosure problem is a jobs problem.

"You know, I think every place was affected by the collapse of the, by the bursting of the housing bubble. But at this point, what makes people able to pay their mortgages are jobs and counties that are going to have high joblessness rates are going to have higher foreclosure rates."

Shaw says numbers show in Mecklenburg and Union counties – one in 34 housing units faced foreclosure filings last year.

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