Residential Foreclosure Analysis
Residential foreclosures were down 34% in February with 171 recorded compared to 261 recorded last year.
The average amount of a foreclosed property was $77,604 and the average tax appraisal value was $107,099.
February foreclosure activity was down in virtually every municipality.
Foreclosures in the city of Memphis were down 31% from last year.
Foreclosure notices were down 2% for the month with 376 recorded compared to 384 recorded last February.
Frayser (38127) had the most homes in foreclosure inventory at the end of the month with 102 properties valued at $4.2M.
Southeast Shelby County (38125) had the highest foreclosure inventory value of $11.8M across 72 properties.
Fannie Mae had the most homes in foreclosure inventory with 251 valued at $26.8M.
Comments(4)