Memphis Bank Foreclosures: Great Foreclosure Listings

by Simon Lindsay on cities

In a recent trend, it has been seen that a lot of people from all over the country are showing interest in Memphis bank foreclosures. As of today, Memphis is ranked ninth among all the other counties as far as foreclosure rates are concerned.

According to one of the reports, there has been an unprecedented rise in foreclosure homes in Memphis. In the first 6 months of 2007, Memphis recorded 10,800 foreclosures filings and this is 17% more than what was reported in the first six months of 2006.

Although the leader of the foreclosure race is Stockton, California, which has recorded 8,169 filings but Memphis is not too far behind. Another report has stated that Tennessee bank foreclosures are on a high and two of the most important metropolitans of Tennessee are in the top 100.

The two metropolitans that lead in the number of foreclosure homes are Nashville and Knoxville. Nashville is ranked at position #61 while Knoxville is at position #77. With the rise in the number of homes going into foreclosure this year, the market for investors and first time homeowners has opened up completely. Now first time home owners have a large number of Memphis bank foreclosures choose from.

All the details of these homes are available through detailed foreclosure listings, which are normally available online. All you have to do is take on a trial membership with some of the leading online real estate websites and find your dream home from their listings. The good thing about these listings is that they are updated on a daily basis and contains information on all Memphis bank foreclosures. You will get information regarding the total area, the size of the rooms, the number of rooms, the locality and even an image of the home with the price.