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MLE Realty and Property Management

(901) 791-4383

4745 Poplar Ave

Suite 304

Memphis, TN 38117

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Banks Seek Payback from Walkaways

Increasingly aggressive mortgage lenders are seeking to collect deficiencies from former home owners who walked away from their properties or sold them in short sales.

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2009 Foreclosure Activity Drops 11 Percent

Intro:

On a comparative basis, Shelby County’s residential foreclosure numbers for 2009 make it seem like the housing bust is solidly in the rearview mirror.

The number of homes banks and lenders snatched away from borrowers and the number of foreclosed homes sold to new owners this year were both down from 2008’s totals. But that’s only the visible tip of the iceberg, and it belies the hulking mass below the surface that could slice open the hull of Shelby County’s real estate vessel if the danger is ignored.

 

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Grubb & Ellis: Commercial Real Estate Will Decline

Grubb & Ellis Co. released its annual forecast Monday, predicting that commercial real estate will decline more slowly in 2009, reaching bottom by the end of the year and starting to recover in 2011.

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Report: Memphis home prices could rise 1% in 2010

Report: Memphis home prices could rise 1% in 2010

Memphis has been identified as one of five metro areas of the U.S. expected to see modest upticks in housing prices this year.

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Report: Home Prices Likely to Hit Bottom in March

Home prices in 45 of the largest housing markets are expected to fall another 4.2 percent before they hit bottom in March, according to First American CoreLogic’s LoanPerformance Home Price Index.

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