RALEIGH – Among financial institutions, Winston-Salem-based BB&T was holding the most “real estate owned” properties – banking jargon for foreclosed homes and land parcels – in the Triangle as of late October.
The region’s No. 2 bank in terms of market share held 649 single- and multi-family homes, plus vacant parcels, according to an inventory of more than 10,000 properties prepared by Garden City, S.C.- based SiteTech Systems, a real estate research firm.
BB&T spokeswoman Mary Tolbert said she couldn’t comment on the data without seeing the report and understanding the methodology.
The second largest owner of foreclosed properties – in this case almost exclusively single-family homes – was the Federal National Mortgage Association, known as Fannie Mae. The mortgage giant, now under the thumb of the federal government, held 374 foreclosed properties throughout the region that comprises Durham, Orange and Wake counties.