|There are 74 new foreclosure listings in Tennessee this week. There are approximately 1014 Tennessee foreclosure listings. Three of the new foreclosures this week are at 15 SUMMERFIELD RD in MONTEAGLE, TN, BUCKEYE LN LOT 2 in WILDER, TN and SERENITY CV LOTS 11 & 12 in ENVILLE, TN.|
8/11/2015 - View Article - Memphis, Tennessee is being hit the hardest with foreclosures in the state. Tennessee rates as the 15th highest rate of foreclosures in the country. Therefore, many legal firms are trying to help out as much as possible by offering their time for free. Yet, there tends to not be enough help since many of the lawyers choose to get paid for their services rather than do their best in helping homeowners keep their homes and help out the economy.
Memphis Area Legal Services are offering their services for free. They estimate about 80 percent of struggling homeowners are not receiving the help they need. They encourage other lawyers to put out a lending hand to make sure that those who still donít realize the steps they can take and have the rights to can receive vital information.
The legal service company may request federal funds in order to keep doing what they are doing and be able to recruit more lawyers to help. They will then be able to receive money from the government rather than charge individuals. The attorneys want to begin other organizations as well to be able to help more homeowners and try to slow down the rate of foreclosures which will help stimulate the economy.