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Maher muhawieh Auction of Craig Davis buildings postponed The foreclosure auction of four office buildings in Highwoods Office Park that was scheduled for 10 a.m. Sept. 17 was postponed. The auction has been rescheduled for 10 a.m. Oct. 15, says Barry Mann, the Raleigh lawyer assigned as substitute trustee for the transaction. The buildings are owned through a partnership of Craig Davis Properties of Cary and First Point Partners LLC, which had purchased the buildings from Highwoods Properties (NYSE: HIW) of Raleigh for $30.4 million. The portfolio, which totals about 256,000 square feet of office space, includes the Global Building at 3200 Atlantic Ave., the Magnolia Building at 3120 Highwoods Blvd., the Red Oak Building at 3128 Highwoods Blvd. and the Laurel Building at 3100 Highwoods Blvd. Read more: Auction of Craig Davis buildings postponed - San Francisco Business Times

Bank owned rental homes increased in number in some areas of North Carolina in the past few years. The rentals are challenging condos for a share of the market.

Foreclosed duplex homes for sale and distressed homes are projected to rise in Cleveland County in 2011. Underwater loans are the reason for the projection.

Notice of default is quite uncommon in coastal areas of North Carolina. Analysts stated that the areas are not suffering from foreclosures despite vacancies.