Monday, February 9, 2009
The Economy Tennessee's Foreclosures Rose 70 percent in 2008
Posted by Pete Kotz on Mon, Feb 9, 2009 at 1:48 PM
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From the Nashville Business Journal:
Tennessee's foreclosure filings rose 70 percent in 2008, ranking Tennessee 12th in the nation in foreclosures, according to the Tennessee Housing Development Agency.
The state reported 44,153 filings in 2008, up from about 26,000 in 2007.
Nationally, foreclosures increased 81 percent from 2007 to 2008, with Nevada having the highest foreclosure rate.
In Tennessee, there was one foreclosure filing for every 61 households, compared to the national average of 1 filing for every 54 households.
Shelby County had the most foreclosures with 15,516 filings, a rate of 3.94 percent, followed by Davidson County with 4,203 foreclosures.
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