Foreclosures Up Triple Digits In The SouthThe Memphis Business Journal has this report on defaults in that state. "Tennessee ranks among the top 10 foreclosure rates in the nation for the first quarter of 2006. Foreclosures in Tennessee were on the rise in the first quarter of 2006, with a 92 percent increase from the previous quarter and a 147 percent increase from the first quarter of 2005, according to RealyTrac."
"Tennessee ranks among the top 10 foreclosure rates in the nation for the first quarter of 2006. Nationwide leaders in the number of reported foreclosures during the first quarter are Texas, Florida and California, with 40,236; 29,636 and 29,537 respectively."
"Georgia was at the top of the nationwide foreclosure rate in the U.S. for the quarter, with one in every 127 households in some state of foreclosure. Regionally, Arkansas saw a 73 percent increase from the fourth quarter of 2005 for 3,706 total foreclosures, and a 105 percent increase in foreclosures compared with first quarter 2005."