While the rest of the country is reporting a drop in foreclosure filings, the opposite is the case in Memphis. The Memphis movers are disappointed to share that Memphis is among 11 metropolitan areas will foreclosure scenarios worsening. In fact, the Memphis numbers aren’t just a little worse—there are 50 percent more foreclosure filings in the city.

A total of 738 properties were beginning the foreclosure process, which is a significantly higher number than April 2011’s 490 filings. April isn’t the only month showing foreclosure activity—Tennessee has reported a year-over-year increase in foreclosure filings. Hopefully the new commercial growth of Memphis will spur activity in the residential real estate sector and rise above the foreclosures.