Until recently, most of the foreclosures that took place in 2020 and 2021 were of vacant and abandoned properties.
For the 10-county Charlotte-Concord-Gastonia metro, there were 147 filings in January, compared to 115 in December and 54 in January 2021.
For the four-county Durham-Chapel Hill metro, there were 25 depots in January, compared to 17 in December and eight in January 2021.
For the three-county Raleigh-Cary Metro, there were 27 filings in January, compared to 37 in December and 28 in January 2021.
“The increased level of foreclosure activity in January was no surprise,” said Rick Sharga, executive vice president of RealtyTrac, an Attom company.
“Foreclosures typically slow down during the holidays in November and December and pick up after the first of the year.
“This year the increases were probably a bit more dramatic than usual as the foreclosure restrictions placed on mortgage servicers by the CFPB expired at the end of December.
Sharga said foreclosure completions “are still well below normal levels – less than half the number in January 2020 before the pandemic was declared, and about 60% below the number of foreclosure completions in 2019. “.