There has been lots of talk about the National foreclosure rate, which is up 81% from last year (6% from January and 30% from last February) and a staggering 225% from 2006. Tennessee's foreclosure rate is is currently 16.5 per 1000 homes making the state foreclosure rate 1.65% which is not nearly what you'd expect given the National media coverage of the "foreclosure scare". The REAL problems are in Nevada, Arizona, Florida, and California respectively.

Who's to blame you ask? That's a matter of debate.

  • Banks lending money to home buyers who had no business buying a home in the first place. (Trust me I was one of them. Knowingly got a loan I couldn't afford for a home that wasn't really worth what I borrowed on it. Fortunately for me I was on my up the income ladder.)
  • The job market. With more and more people losing their jobs, being laid off, taking pay cuts, and job openings becoming few and far between how are we expected to make our mortgage payments. This is a HUGE problem and it is not the real estate or banking / lending industry's fault!
  • The inflated home prices of 2006-esque housing markets mostly. When you inflate a baloon too quickly and it bursts you deflate even faster (almost instantly). That's exactly what the National housing market is seeing happen.

The good news? We are not the national housing market.

Just 25 of Murfreesboro's current 1,384 real estate listings are foreclosures. That's 1.8% of homes on the market in Murfreesboro, and 7.15% if you count the 75 "short sales" that are trying to avoid being a foreclosure statistic.

Are you facing foreclosure? There is a way out. John Jones Real Estate is Middle Tennessee's first CDPE (Certified Distressed Property Expert).

We've set up what is undoubtedly the area's permier resource for avoiding foreclosure www.TheHomeSaverGuys.com. With tools, information, resources, and explanations that go in-depth to help you save your credit, save your home, and save you a lot of heartbreak, this site is your comprehensive resource.

Already received a foreclosure notice? Don't wait any longer. Call our certified experts NOW! 1-800-239-2513 ext. 2044