Gov. Perdue: 1,000 foreclosures prevented - The Business Journal of the Greater Triad Area:

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In the wake of hundredsw of foreclosures throughoutNorth Carolina, the plan was launche d in November by the governor’ws office and the N.C. Office of the Commissionee of Banks as a way to help subprime mortgagse holders slow down theforeclosurw process. It requires mortgage companies to file notices with the statew ahead of foreclosure on such and allows the commissioner of banks to put the process on hold for 30 days if it thinkds there is a way to preventit altogether. The prograj works with mortgage companies, legal aid and other services to assist and also provides a network of counselors for It has placed morethan 3,000 homeowners with counselorws for assistance.
There were more than 21,000 foreclosures startes in North Carolina between January and May this down about 9 percent compared to ayear