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August Foreclosure Analysis

September 18th, 2009

The total number of foreclosures in Shelby County were up 12% from the same month last year with the average foreclosure amount falling 17%.

Of the 1,015 foreclsoure notices issued for the month, August saw 539 foreclosures with an average value of $48,404.

ZIP Codes with the highest number of foreclosures include: 38127 (60), 38128 (37),  38125 (30) and 38112 (30).

The Top 5 Foreclosure Inventory Holders for August are Fannie Mae, HUD, Deutsche Bank, Tennessee Investment and US Bank.

Frayser (38127), Westwood (38109) and Raleigh (38128) have the most foreclosure inventory with a total of 1,245 properties valued at $78,200,900.

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