Foreclosure Activity Continues Decline in Nashville TN
Tennessee continues to rank below the national average for foreclosures with 1 in 1777 homes receiving some form of foreclosure action in May 2011. This equates to 2,376 properties receiving a foreclosure action in Tennessee for the month of May. The national average for foreclosure actions in 1 in every 605 homes.
RealtyTracs's report counts documents filed in all three phases of foreclosures in Tennessee: Notice of Default, Notice of Trustee Sale (Auction) and REO (properties that have been sold at Auction and repurchased by a Bank). This report does not count properties that have received the same type of filing more than one time in a given time period.