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Tennessee Foreclosure Listings - Find Bank Foreclosures in Tennessee

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Buy Tennessee Foreclosure Listings

The first six months of the year was good for Tennessee with regards to their residential bank foreclosure listings. It was up compared to last year's rate. According to data reports, one out of 119 properties in Tennessee was foreclosed. The state is in 23rd place in filings foreclosure this 2010. Overall the foreclosure rate in the country is about 1.28% higher than last year. Tennessee foreclosure listings include auction sale notices and bank repossession. Over the last month, in Memphis foreclosure listings, there are about one in seventy eight properties in the region. Foreclosure filings rose about 2.29 % compared to last year.

According to recent data, a high percentage of people are falling behind their mortgage obligations. This means that increase in foreclosure is just behind the corner. This is driven by the employment problems that most people are facing. Some are waiting for paychecks in order to pay their mortgage. According to Affordable Housing Resources in Nashville, foreclosure listings are set to increase. Properties in Tennessee are mostly farmlands and country ranch. The state is filled with vast lands and wide open spaces. Property value in this state is lower because it is a cyclone prone region that is destructive.

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