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Memphis Foreclosures Spike

With robo-signing in the past, the present is filled with our real estate industry shakily trying to get back to normalcy. Not surprisingly, foreclosures have begun to spike as homeowners are in over their heads. Compared to last year, foreclosure filings are indeed up, by about 35 percent in fact.

More than likely, the spike in foreclosures comes from the follow up litigation and sorting of robo-signed cases and filings that were delayed as cases were pending. The Memphis movers are hopeful that things begin to level out as we enter the second half of 2012 and attempt to regain footing in the local real estate market.

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