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90 Mississippi RANK: 22 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 5.30% 1.66% 7.9 YEAR AGO 5.08% 2.32% 8.6 YEAR-OVER-YEAR CHANGE 4.4% -28.5% -0.7 Top County TUNICA COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 9.06% 4.05% YEAR AGO 10.86% 3.69% YEAR-OVER-YEAR CHANGE -16.6% 9.7% Top Core-Based Statistical Area NATCHEZ, MS-LA 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 5.05% 3.03% YEAR AGO 4.17% 3.79% YEAR-OVER-YEAR CHANGE 21.2% -20.1% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary July 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. North Carolina Jennifer Harris, Broker Re/Max One Realty 100 Lynn Road, Raleigh, NC 27609 919-931-0313 cell 919-232-9251 offi ce jennifersoldit@gmail.com www.RaleighBestHomeSearch.com North Carolina RANK: 35 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2014 2.38% 0.98% 6.8 YEAR AGO 2.66% 1.62% 8 YEAR-OVER-YEAR CHANGE -10.6% -39.6% -1.2 Top County ANSON COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 6.02% 2.70% YEAR AGO 4.60% 2.64% YEAR-OVER-YEAR CHANGE 31.0% 2.5% Top Core-Based Statistical Area HENDERSON, NC 90+ Day Foreclosure Delinquency Rate Rate JULY 2014 6.63% 2.34% YEAR AGO 7.43% 2.42% YEAR-OVER-YEAR CHANGE -10.8% -3.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2014 foreclosure rate. All fi gures are rounded to the nearest decimal. The unemployment rate refl ects preliminary July 2014 fi gures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. IN THE NEWS North Carolina Court Issues Non-Judicial Foreclosure Ruling Mortgage noteholders in North Carolina can no longer voluntarily dismiss more than one non-judicial foreclosure without being banned from filing additional non-judicial foreclosures, the North Carolina Court of Appeals ruled recently. Noteholders can still, however, file a judicial foreclosure after voluntarily dismiss- ing more than one non-judicial foreclosure, the court ruled. e court issued the ruling as a result of Lifestore Bank's attempt to initiate a judicial foreclosure on land owned by one of its trustees, Mingo Tribal Preservation Trust, after previously voluntarily dismissing two non-judicial foreclosures against Mingo. South Carolina-based law firm Rogers Townsend and omas said in a statement that the appeals court decision "may have a significant impact on non-judicial foreclo- sures in the state [of North Carolina]." "e more far-reaching and problematic aspect of the ruling is that it may be inter- preted as holding that all of the NC Rules of Civil Procedure apply to non-judicial foreclosures," the law firm said in the state- ment. "We can anticipate that counsel for borrowers and mortgagors will argue exactly that. is opens the possibility for countless motions, lengthy discovery requests, chal- lenges to service of process, and arguments for sanctioning holders and trustees that file a non-judicial foreclosure after two voluntary dismissals." Mingo originally signed two promissory notes in 1993 with Lifestore to secure land owned by Tuscarora Rand and Pitchfork Basin (formerly EAC Rev No. 6). Lifestore brought non-judicial foreclosure proceed- ings in both 2010 and 2011, but all voluntarily dismissed them without prejudice in both cases. In June 2012, Lifestore brought judicial foreclosure proceedings against Mingo in Superior Court, seeking judgments for both promissory notes. Mingo argued for sum- mary judgment on Lifestore's claims, citing Rule 41 of the NC Rules of Civil Procedure and seeking collateral estoppel for the suit on the two notes. e trial court denied the summary judgment as far as claims on the notes but allowed the judicial foreclosure. e case was taken to the North Carolina Court of Appeals by Mingo. e appeals court ruled on August 19 that the judicial foreclosure filing by Lifestore was legal despite the two previous voluntary dismissals without prejudice of the non-judicial foreclo- sures on the part of Lifestore. e court did rule, however, that Lifestore could not legally file a third non-judicial foreclosure due to the two previous voluntary dismissals without prejudice. "We are not yet certain how courts will interpret this decision," Rogers Townsend and omas said in the statement. "ere are earlier decisions that significantly limit the application of the Rules of Civil Procedure, and it is arguable that this decision can be narrowed to only apply to Rule 41. It is also possible that an argument of continuing de- fault could be successfully made; this would allow a new non-judicial foreclosure based on a new default, even where two prior proceed- ings alleging different default circumstances have been voluntarily dismissed. Essentially, each new missed payment is a new default. is was not addressed at all in the ruling." The number of jobs gained in North Carolina from August 2013 to August 2014, fifth highest total in the nation. Source: U.S. Bureau of Labor Statistics STAT INSIGHT 98,800