Nashville Foreclosures
As the rest of the United States sees the real estate markets suffering from the impact of the credit crunch and the sub prime mortgage collapse, Nashville is not entirely immune.
Nashville TN Foreclosures
Check Out This Amazing & Unique Home! Like 2 Homes...
- Price:
- $186,000
- City:
- Mount Juliet
- Beds:
- 2
- Baths:
- 2
- Type:
- Residential
- Provider:
-
Check Out This Amazing & Unique Home! Like 2 Homes In 1. Basement W/ Separate Entrance Could Be In-law...
Needs Tlc. Unfinished Basement With 750 Sq Ft- French...
- Price:
- $109,900
- City:
- Fairview
- Beds:
- 3
- Baths:
- 2
- Type:
- Residential
- Provider:
-
Needs Tlc. Unfinished Basement With 750 Sq Ft- French Doors Lead To Wide Driveway--small Deck Off Kitchen/dining...
Back On Market: Great For 1st Time Buyers Or Would...
- Price:
- $85,000
- City:
- Antioch
- Beds:
- 3
- Baths:
- 2
- Type:
- Residential
- Provider:
-
Back On Market: Great For 1st Time Buyers Or Would Make A Great Rental. 3 Bedroom 2 Bath Home On A Cul-de-sac....
Commercial Dairy Operation - Approved For 600 + Cows....
- Price:
- $2,900,000
- City:
- Pulaski
- Type:
- Commercial
- Provider:
-
Commercial Dairy Operation - Approved For 600 + Cows. Milk Parlor 110' X 60' - 2 Lofing Sheds 408' X23'...
Custom Home On 12 Acres! Master & Guest Suites On Main...
- Price:
- $1,299,000
- City:
- Franklin
- Beds:
- 5
- Baths:
- 5
- Type:
- Residential
- Provider:
-
Custom Home On 12 Acres! Master & Guest Suites On Main Level, Media Room, Two Story Sun Room! Grounds...
All Terms And Conditions Subject To Lender's Approval,...
- Price:
- $1,200,000
- City:
- Brentwood
- Beds:
- 4
- Baths:
- 6
- Type:
- Residential
- Provider:
-
All Terms And Conditions Subject To Lender's Approval, Bank Adjusted Price.
Custom Built Home With All The Rooms You Need - 2 Family...
- Price:
- $1,195,000
- City:
- Brentwood
- Beds:
- 5
- Baths:
- 6
- Type:
- Residential
- Provider:
-
Custom Built Home With All The Rooms You Need - 2 Family Rooms/office Or Formal Living Room/bonus Room/media...
Excellent Opportunity! Nearly 9 Acres Ready For Development...
- Price:
- $1,195,000
- City:
- Nashville
- Type:
- Commercial
- Provider:
-
Excellent Opportunity! Nearly 9 Acres Ready For Development On Smith Springs Road. Seller Is Motivated!...
Excellent Opportunity! Nearly 9 Acres On Smith Springs...
- Price:
- $1,195,000
- City:
- Nashville
- Baths:
- 0
- Type:
- Land
- Provider:
-
Excellent Opportunity! Nearly 9 Acres On Smith Springs Road, Ready For Development. Seller Is Motivated;...
*******bank Approved Short Sale*********private Boat...
- Price:
- $1,075,000
- City:
- Gallatin
- Beds:
- 4
- Baths:
- 5½
- Type:
- Residential
- Provider:
-
*******bank Approved Short Sale*********private Boat Dock Permit!! Custom Ernst Built Home On Old Hickory...
Gated Country Elegance With Gorgeous Views. State...
- Price:
- $999,900
- City:
- Franklin
- Beds:
- 4
- Baths:
- 4
- Type:
- Residential
- Provider:
-
Gated Country Elegance With Gorgeous Views. State Of The Art Recording Studio. Location, Location....
Gorgeous Tuscany Style Home,4 Bed,4.5 Bath, $325,000...
- Price:
- $940,000
- City:
- Franklin
- Beds:
- 4
- Baths:
- 4½
- Type:
- Residential
- Provider:
-
Gorgeous Tuscany Style Home,4 Bed,4.5 Bath, $325,000 Under Appraisal,central Vac, 3 Car Oversized Insulated...
The growth of real estate values in Nashville was steady over the last 10 years. There was never actually any big boom period where values were visibly rising every day like in California and Orlando. The steady growth has left us with a real estate market that still represents good value and affordability, however, the sub prime mortgage market was still very attractive to many home buyers and as a result the foreclosure rate has been on the increase in Nashville.
The ability to find a good deal is something that the agents at The Ashton Real Estate Group have prided themselves in over the past 8 years.
Here is a recent quote re the state of the foreclosure market:
“Although much of the fallout from foreclosures is being driven by rampant activity in a few states, such as Nevada, California, Florida, Ohio, Arizona and Michigan, most areas of the country are seeing at least some increase in foreclosure activity,” said James J. Saccacio, chief executive officer of RealtyTrac. “Forty-eight of 50 states and 95 out of the nation’s 100 largest metro areas experienced year-over-year increases in foreclosure activity in the second quarter.
“Bank repossessions, or REOs, accounted for 30 percent of total foreclosure activity in the second quarter, up from 24 percent of the total in the first quarter,” Saccacio continued. “This shift in the distribution of activity indicates that there is a progression toward purging the problem loans out of the system — at which point the housing market can regain some sense of normalcy. Of course if another surge in defaults occurs, which could well happen later this year, it would refill the foreclosure pipeline and prolong the recovery.”
Tennessee’s foreclosure rate ranked 13th in the U.S., while Nevada, California, Arizona, and Florida ranked 1st through 4th in the nation, respectively.
Memphis ranked 25th in the nation with a rate of 1 filing for every 105 households, Nashville ranked 56th with a rate of 1 filing for every 238 households, and Knoxville ranked 75th (a rate of 1 out of every 354 households). (Source RealtyTrac)
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