Charlotte foreclosure activity up but lower than rest of the country, new data says

Foreclosure rates in the Charlotte-Gastonia-Rock Hill metropolitan area rose in November compared to the same time last year, according to real estate research firm CoreLogic.

The foreclosure rate among outstanding mortgage loans is 3.33 percent for November, versus 2.54 percent in 2010, a 26 percent increase. When calculating foreclosures, CoreLogic looks at the percentage of loans that are in some stage of the foreclosure process.

The area's foreclosure rate is slightly below the U.S. foreclosure rate of 3.41 percent.

The area's mortgage delinquency rate also rose, according to CoreLogic. These involve loans whose owners are 90 days or more behind on payments.

In November 2011, 7.11 percent of mortgage loans were 90 days or more delinquent, compared to 6.84 percent for the same period last year. This is also slightly below the U.S. delinquency rate of 7.23 percent.

Nationally, banks have been moving forward with foreclosures that they temporarily stopped after it was revealed that some employees approved legal documents without proper review and made other short cuts.