Make Money in Short-Sale Foreclosures: How to Bypass Owners and Buy Directly from Lenders “Foreclosure filings are skyrocketing in North Carolina. The main cause of the increase in foreclosures is the large and growing number of home loans made by subprime lenders,” says Alfred Ripley, legal counsel for Consumer and Housing Affairs at the NC Justice Center. “While subprime loans have been around for decades, they didn’t used to be as damaging or widespread as they have become in recent years.” In North Carolina, foreclosure filings have increased nearly threefold in recent years to an all-time annual high of over 45,000 in 2006.

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