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October 2009 Residential Foreclosure Analysis

November 12th, 2009

There were 478 foreclosures in Shelby County for October 2009, down 3% from the same month last year.

ZIP Codes with the highest incidences of foreclosures were: 38127 (Frayser) with 43, 38118 (Oakhaven/Parkway Village) with 36, and 38128 (Raleigh) with 35.

Southeast Shelby County (38125) had the most foreclosure notices issued with a total of 91 but only realized 24 actual foreclosures.

Frayser continues to lead the area with the highest number of foreclosed properties in inventory with a total of 458 foreclosed properties valued at over $30 million.

Fannie Mae is the leading foreclosure inventory holder with 397 total properties valued at almost $40 million.

Click here to access the latest Residential Market Trend reports. Contact wendy@chandlerreports.com to purchase our Detailed Foreclosure Analysis reports for $50/month.

Click here to read more about the local real estate market from The Daily News.

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