Articles about north carolina

Michael Ryder, who is a middle-aged information technology business analyst, has claimed to have slept on the floor of his unheated Winston-Salem home in North Carolina before getting evicted last December. Just like several other homeowners, Ryder had felt flush with equity during the housing boom. At that time, he had impulsively taken a $30,000 [...]

Cleveland County faced two hundred and seven foreclosures in a period of a little more than a year. There are eighty six cases in the pre-foreclosure state and numerous people have escaped the nightmare of foreclosure over the same period of time. Among the two hundred and seven homes, there are a hundred and sixty [...]

Having one of the most stringent mortgage laws has helped North Carolina face the onslaught of this foreclosure crisis.
However, foreclosure rates seem on the rise despite new enactments included in these laws to make the already strict measures more binding. This has affected from low and middle income families.
Many in trouble are using their credit [...]