The Charlotte area has been resistant to the down tune in the housing market. Therefore, I was surprised to find that there are now over 1000 home owner immediately around Lake Wylie that are 60 to 120+ days behind in their house payments. This is the point where banks get nervous. These home owners should immediately look for alternatives before facing foreclosures.
I was further surprised to find that most of the homes are valued $200,000 to over $1,000.000. These are not the homes under $100,000 where you might think the owners would be facing financial hardships.
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