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Thomas Elrod
The Elrod Team
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“Thinking of buying a foreclosure or bank owned property? Are you looking for your next investment opportunity? Its not going to stay this way for very long. Now is the time to buy! Contact me now.”
Phone: 704-608-9169
License #: 268537
August 2012 Volume 6, Issue 8
6 month North Carolina Foreclosure Trends
NOD
NTS
NFS
LIS
REO
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Is The Foreclosure Crisis Ending

By Peter G. Miller, Contributing Writer

When will it end? That’s a question commonly associated with toothaches and tax preparation, but increasingly it applies to the foreclosure mess. So when will it end? At this moment we don’t have an answer — but we're beginning to see some light at the end of the tunnel. Complete Story

Foreclosure Trends : June, 2012
National North Carolina Mecklenburg CTY
NODs 25,824 99 9
NTSs 58,424 1,479 761
NFSs 21,039 0 0
LISs 38,275 0 0
REOs 54,272 1,891 307
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Foreclosure Terms
Notice of Default (NOD)
A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD
Lis Penden (LIS)
Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS
Auction / Notice of Trustee's Sale (NTS)
A filing by notice announcing a public auction. More about NTS
Notice (Judgment) of Foreclosure Sale (NFS)
An order signed by a judge directing to sell the property at public auction. More about NFS
Real Estate Owned (REO)
The final step in foreclosure process in which property ownership returns to lender. More about REOs