Friday, October 31, 2008

Home foreclosures zoom up in Williamson County

The Nashville Business Journal reports that home foreclosures in Williamson County for the third quarter rose 353 percent -- from 17 a year ago to 77 for the three-month period ending Sept. 30.

That rise in foreclosures led the eight-county Middle Tennessee region. Williamson County is the 11th most affluent county in the nation. It is home to country music stars, professional athletes and corporate executives and sales people.

Those foreclosure numbers will continue to rise. And so will the increasing pressure on the local, conservative governments here to raise taxes amid an economic recession. Churches also are hurting. Holy Family Catholic Church now has a drop in year-to-date contributions of $400,000. Sunday contributions are off by $6,000.

People here are not used to times being hard. More difficult ones are to come.

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