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3Q09 Residential Foreclosure Analysis

October 15th, 2009

Overall, foreclosures in Shelby County have leveled off with 1,507 for the quarter down 1% from the same quarter last year. The average foreclosure amount was down 30% from 3Q08 at $41,520.

Frayser (38127) closed third quarter with the highest number of foreclosures in Shelby County at 136. The positive news is that their total number of foreclosures is down 5% from the same quarter last year. 

HUD (Housing of Urban Development) had the most foreclosure sales with 258 valued at $9+million and an average sales amount of $35,449.

Click here to read the latest article on foreclosures from The Daily News.

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