Shelby Co. Sees More Foreclosures in More Affluent Neighborhoods

MEMPHIS, Tenn. (AP) -- Shelby County is one of the hardest hit areas in the state for home foreclosures.

Real estate experts say the county is now starting to see the problem move beyond depressed neighborhoods and into affluent areas, such as Cordova.

RealtyTrac, an online marketer of foreclosure properties, compiled the 500 top ZIP codes for foreclosures and found 13 in Tennessee -- all of them in Memphis except for one listed as Cordova, according to CNNMoney.com.

(Copyright 2007 by The Associated Press. All Rights Reserved.)


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

WVLT VOLUNTEER TV

6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2015 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 11008866 - local8now.com/a?a=11008866
Gray Television, Inc.