The USA Today’s Wall Street Cheat Sheet reported the top 12 states with the healthiest foreclosure markets.
The ranking, based on the percentage of foreclosure inventory and the amount of completed foreclosures in 2013, looked like this:
- North Dakota
- South Dakota
So, even with Memphis, one of the state’s main cities that CNN Money ranked as the 10th “Hottest Housing Market for 2014,” Tennessee still has work to do in the foreclosure department compared to other states.
“Clearly 2013 was a transitional year for residential property in the United States. Higher home prices and lower shadow inventory levels, together with a slowly improving economy, are hopeful signs that we are turning a long-awaited corner,” said Anand Nallathambi, CoreLogic’s president and CEO. “The housing market should continue to heal in 2014, but we expect progress to remain very slow.”
CoreLogic is a North American corporation providing financial, property and consumer information.
Are you behind on your mortgage payments and scared you’re going to lose your home? You don’t want to lose it and the attorneys at Darrell Castle & Associates don’t want you to lose it either.
You can stop a foreclosure on your home by filing for bankruptcy. By filing for a Chapter 13, your foreclosure will be stopped and you’ll be allowed to pay back the debt over a period of years in an affordable payment plan rather than pay all of it back at once.
You may be reluctant to file for bankruptcy based on it’s negative connotation – we’ve seen this before. But what you may not know is that filing for bankruptcy is a great opportunity to rid your financial slate of nasty debt and start fresh.
We want to help you with this fresh start by offering you access to “7 Steps to 720,” a 14-week program that will teach you how to re-establish and rebuild your credit the right way. This program is free for our clients.
This is a good deal to keep your home, and if you want to hear more, we’d love to talk to you about it. Contact us online or call us at (901) 327-2100 and one of our experienced Memphis bankruptcy attorneys will be happy to speak with you, free of charge.