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Foreclosure Down in Durham

System - Tuesday, February 4, 2014

In January of 2014, the Hearld Sun did an article reporting that the foreclosure rate in Durham had decreased in 2013.  Foreclosures were down by 20 percent in 2013, the lowest it had been since 2002 in the county of Durham.  Overall, foreclosure filings were down 18 percent compared to the 2012 filings in North Carolina; the lowest it has been since 2005.  According to this article, this decease in filings may be reflected through less distressed properties being put up for foreclosure and investors willing to pay cash for certain properties on the auction block.  This decrease in foreclosure filings reflects a growing property market and a positive trend. 

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