We still have an over supply of bank-owned REO properties for sale on the local Triad housing market, and it looks like more are on the way. The Winston-Salem Metropolitan Statistical Area (MSA) had 345 foreclosure filings in January, 2011. This was an increase of 36.9% from January of 2010. The number of filings was up 45 percent from December, 2010. The MSA includes Forsyth, Davie, Stokes and Yadkin counties. The Greensboro-High Point MSA filings were up 9.3 percent to 484. 
Forsyth County had 333 filings in January, which was up from 232 last January, and 211 in December.
However January foreclosure filings were down overall in North Carolina 3.9% from January of 2010 to 3040. The Charlotte, Raleigh, and Durham MSA's were all down.
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*Source: RealtyTrac, Inc.
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