Foreclosure rates in the Nashville-Davidson-Murfreesboro-Franklin area again increased in January compared to one year ago, according to data released today by First American CoreLogic.
In January, 1.47 percent of outstanding mortgages were in foreclosure, an increase of 0.75 percentage points compared to one year ago. In December 2009, 1.43 percent of outstanding mortgages in the Nashville area real estate market were in foreclosure.
Nashville still ranks well below the national foreclosure rate of 3.19 percent.
The delinquency rate for Nashville-area mortgages continued to increase, with 5.95 percent of area mortgages 90 days or more delinquent in January, compared to 3.83 percent last year.
If you have questions about the short sale process, or are looking to buy a Nashville short sale property, please call or email me, and I can send you additional informationJosh@JoshAndersonRealEstate.com.
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