Foreclosure filings reach record high in N.C.The Charlotte Observer examined foreclosure statistics for 2003 through 2006 and found:
So goes George W. Bush's "ownership society."
• More than 80 percent of foreclosures involve homes valued at $150,000 or less.
• Most foreclosures cluster on [Mecklenburg] county's west, north and east sides, where houses and land often carry lower price tags.
The newspaper also ... found dozens of relatively new, starter-home neighborhoods with high concentrations of failed mortgage loans. Those foreclosure clusters drove down home values in whole neighborhoods, even hurting owners who made their payments on time.