A recent report suggests some promising news for Tennessee’s economy. According to this report, the foreclosure rate in the state is at the lowest it has been since before the 2008 recession when the housing market collapsed. Specifically, the report by the Tennessee Housing Development Agency claims that foreclosure rates have returned to mid-2007 levels. […]
Protect Against Reverse Mortgage Foreclosure
Not many people think about their parents or grandparents being in debt. However, according to the Federal Reserve Americans age 65-years-old to 74-years-old have a faster rate of debt growth than any other age group in the country. Therefore, many older Americans — including those in Tennessee — are dealing with significant financial challenges. In […]
Foreclosures Down In Tennessee
The economic downturn hit many homeowners in Tennessee particularly hard. In some cases, people lost their jobs and had a difficult time paying for basic expenses. With unemployment rates high, the rate of foreclosures in Tennessee also rose. They hit a high in 2009. However, in recent years there has been a slight turn around […]
