A foreclosure auction for the Advanced Internet Technologies (AIT) building is scheduled for September 26, but the company said that the business is in good health and is not ceasing operations anytime soon. The owner of AIT said the business plans to remain in its space by leasing some of the building long-term, post-foreclosure.
After a slew of lawsuits alleging fraud and a criminal investigation initiated by the federal government, the offices previously held by Smith Advertising & Associates are now in foreclosure.
After over 25 years, the Cramer Mountain Country Club is now facing foreclosure.
While foreclosure filings were down nationwide in May 2012 from May 2011, North Carolina saw a large increase in the number of filings in the state. Data provided by RealtyTrac showed a 19.75 increase in the number of foreclosure filings in North Carolina in May from last year during the same month. All told, there were 3,220 foreclosure filings in the state during May 2012.