Tennessee State Profile

Employment growth in Tennessee remained positive in 2005. Employment levels in Tennessee increased approximately 35,000 in fourth quarter 2005 from one year ago. Although positive, the 1.3 percent increase in the state's employment levels lagged national employment growth of 1.4 percent during the same period...

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Finding Opportunity in the Tennessee Real Estate Market: Pre-Foreclosures

In any real estate market -specially in areas in which home economic value are facing downward pressures (i.e., high unemployment levels, overpriced housing markets, or high levels of adjustable-rate mortgages), a certain percent of homeowners will be in default of their mortgage payment or facing foreclosure.

Mortgage loan default can occur dues to many reasons: job loss, divorce, health issues. Many mortgage lenders practices have added to default rates due to the entry of mortgage products that were configured to lower monthly loan payments and to help borrowers qualify for larger loan amounts, while others needed little in the way of documentation during the approval process...

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