Through these past years of economic downturn Memphis foreclosures have steadily increased. Over that same period of time homeowners and investors have on a spree of buying these Memphis homes.  The US government has been trying to do whatever it can to stop this from happening.

Housing and urban development has set aside $12 million to help owners maintain their properties and put a strop to Memphis foreclosures. Memphis is one of the hardest hit cities in the nation.

The effect of this neighborhood stabilization on Memphis Homes is to lessen the number that are foreclosed on and lessen the attraction of new buyers and investors as the price they pay will be quite a bit higher. Foreclosures will not be as attractive as they once were to these people.

It takes a certain amount of time for these kinds of things to work. In part because the program was implemented after a glut of homes hit the disclosure market. For now the cards are still in the hand of the investor.