2010 Tennessee Foreclosure Report
Tennessee scores slightly worse than the national averages for most of the reported statistics. Ten states had discount rates higher that 35%. Twelve states had 25% or more of the sales were distressed properties. California, Nevada and Arizona all had higher than 57% of the sales distressed. While it is good that we are clearing the inventory of distressed propeties, the volume is likely to continue to be a drag on prices throughout 2011.
RealtyTrac 2010 year end foreclosure report