Archive for the ‘Tennessee’ Category

Is The Drop In Tennessee Foreclosures A Sign Of Good Things To Come?

Friday, July 18th, 2008

The count of foreclosure houses in Tennessee State has dropped as per the first quarter ending report released by ForeclosureDataBank. The 5% drop in foreclosures is significant as compared to the filings reported for February 2008.

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Tennessee’s Foreclosure Rate Drop By 21% In March But Is Up by 5% In April!

Wednesday, June 18th, 2008

Even as foreclosure rate decreased by 21.21% for the month of March in Tennessee, it increased by 5% in April pushing the state on the 14th position on foreclosures by state countdown. A total of 4,116 default notices, bank repos, and auction sales notices were sent and the rate was 1 household in foreclosure for every 651 Tennessee households. The foreclosure activity had increased by 21% over the same period of last year.

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Tennessee: Buyer’s Paradise

Tuesday, June 26th, 2007

Market conditions are optimum for buyers interested in Tennessee bank foreclosures. Although the inventory is still growing versus the sales activity, interest rates are at an all-time low. In addition, the state’s economy, particularly in Memphis, is picking up as evident in the DOW record. Among the many cities, Memphis is generating the highest buyer’s interest.

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