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Foreclosure filings in Triangle still ahead of last year's pace

Foreclosure filings in the Triangle slowed some in March but total filings for the first three months are still up 56 percent compared to the same period last year.

Filings in Durham, Johnston, Orange and Wake counties totaled 2,386 through the first three months of 2010, the N.C. Administrative Office of the Courts reports.

Triangle filings had been up 72 percent compared to last year through the first two months.

The four-county region accounted for 14 percent of the 17,552 foreclosure filings reported in North Carolina through the first three months of the year.

Filings mark the start of the foreclosure process. Some homeowners will work out repayment plans. Others will lose their home to final foreclosure sales.

The most foreclosure filings in March occurred in Wake, which recorded 529 compared to 382 during the same period last year. Next highest was Durham with 192, followed by Johnston with 122 and Orange with 28.

Last week, the Obama Administration announced that North Carolina will receive $159 million as part of a federal aid package designed to fight foreclosures in states plagued by high unemployment.

North Carolina's overall unemployment rate was 11.2 percent in February, and more than half the state's 100 counties register rates above 12 percent.

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