Nashville foreclosure rate dipped slightly in May
Foreclosure rates in the Nashville area were up in May when compared to a year ago, but dipped slightly from April, according to data released today by CoreLogic.
The foreclosure rate in the Nashville-Davidson-Murfreesboro-Franklin area stood at 1.47 percent in May, an increase over the 1 percent rate seen in May 2009.
The local foreclosure rate is well below the national average of 3.15 percent. It also represents a dip from April, when the local foreclosure rate was 1.49 percent.
The amount of delinquent mortgages in the area — those 90 days late or more — also dropped in May. While 6.2 percent of area mortgages were delinquent in April, that number dropped to 5.7 percent in May. However, that is well over the 4.26 percent seen a year ago.
Read more: Nashville foreclosure rate dipped slightly in May - Nashville Business Journal
The foreclosure rate in the Nashville-Davidson-Murfreesboro-Franklin area stood at 1.47 percent in May, an increase over the 1 percent rate seen in May 2009.
The local foreclosure rate is well below the national average of 3.15 percent. It also represents a dip from April, when the local foreclosure rate was 1.49 percent.
The amount of delinquent mortgages in the area — those 90 days late or more — also dropped in May. While 6.2 percent of area mortgages were delinquent in April, that number dropped to 5.7 percent in May. However, that is well over the 4.26 percent seen a year ago.
Read more: Nashville foreclosure rate dipped slightly in May - Nashville Business Journal
Labels: best deals, deed in lieu of foreclosure, foreclosed homes, foreclosure, short sale
posted by The Fine Living Group of Nashville at
11:27 AM
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