South Carolina November Foreclosure Report

According to RealtyTrac.com, there were 4,028 foreclosure notices (default notices, foreclosure action notices or bank repossessions) in South Carolina in November. That is 1 in every 517 housing units. That is a huge jump from October, and the second consecutive major increase; October saw 3,652 foreclosure notices, which was 1 in every 571 housing units.

Foreclosure action is trending upwards in South Carolina. That is to be expected, because our housing market seems to lag the national trend by 2-3 years. 2012 is shaping up to be another rough year for struggling homeowners.

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Aaron