- JACKSON |
-
209 East Main St.
Jackson, TN 38301
105 South Highland Ave.
Jackson, TN 38301
Post Office Box 1147
Jackson, TN 38302
Phone: (731) 423-2414
Fax: (731) 426-8150
- MEMPHIS
-
Morgan Keegan Tower
50 North Front Street, Suite 610
Memphis, Tennessee 38103
Phone: (901) 333-8101
Fax: (901) 389-3677
-
Morgan Keegan Tower
30-Dec-08 2:00 PM CST
THE RISE (AND POTENTIAL PITFALLS FOR LENDERS) OF FORECLOSURES IN TENNESSEE - Spring 2008 Issue
According to RealtyTrac Inc., the number of foreclosures in the U.S. increased more than
57 % in March 2008 compared to March 2007. The month of March 2008 marked the 27th
straight month of year-over-year growth of foreclosure-related filings. Across the nation, an
average of about one out of 540 homes went into foreclosure in March 2008, which was
about a 5 % increase over the totals in February 2008.
The State of Tennessee is not immune to this foreclosure dilemma. In fact, Tennessee
currently has the 10th highest foreclosure rate among all states in the U.S. With the rise in
foreclosures hitting so close to home, this Banking Law Alert will highlight some of the latest
developments in foreclosures in Tennessee.
View the Banking Law Alert here.
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Source: Business Practice Group
Related Documents:
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