Charlotte Area Preforeclosures Increase in 2008

Charlotte, NC, July 01, 2008 --(PR.com)-- Default Research, the premier provider of preforeclosure real estate data in the Charlotte, N.C. area, is reporting that Mecklenburg County saw 182 preforeclosure notices in the first five months of 2008. According to Default Research, the hardest hit cities in that region for preforeclosures in 2008 are Charlotte (650), Mathews (25), Huntersville (22), and Cornelius (11).

“As a whole, this is one of the most stable markets in the country,” said Serdar Bankaci, founder of Default Research. “Although inventories have gone up in the past 12 months, median home sales prices have remained relatively constant. This is different from the rest of our Default Research coverage area where we have seen median home prices fall by 15 to 20 percent in some regions.”

Bankaci explained that right now is an ideal time to begin preforeclosure investing in the Charlotte area. “With the Default Research preforeclosure leads, you are given a great opportunity to be the first to approach a homeowner in distress,” said Bankaci, who provides the freshest preforeclosure lists in North Carolina. “Reaching a home in preforeclosure will provide the investor with a property at a discounted price, and also help a family in financial distress out of an embarrassing situation.”

Default Research is North Carolina’s leader in preforeclosure research, reporting preforeclosure documents days after being recorded. More information about Default Research can be found at its Web site: www.defaultresearch.com. For more detailed North Carolina foreclosure statistics listed by county, please visit http://market.defaultrsearch.com.

###