Foreclosures on the rise in Shelby

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By Nathan L. McBroom

Due to changes in the mortgage market and local home buyers purchasing more house than they could afford, this year foreclosures in Shelby County are expected to rise by up to 50 percent from last year.

Todd Davis, master commissioner of the Shelby County Circuit Court, said that his office processed 120 foreclosures last year and that he expects to receive 160 to 180 referrals this year.

"I anticipate, from what we have seen so far this year, that we are going to see a suppositional growth in the amount of foreclosures," he said.

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