BluegrassForeclosure.com

Foreclosure filings are up here in Kentucky, but nationwide, serious delinquencies are on a slight decline.  What does this mean for us?  Here in Kentucky over the past decade, we have faced a dramatic loss of agriculture income from tobacco and a heavy decline in industrial jobs.  We have been facing an economic downturn for quite some time, but have been able to cope with it.  So while the  national recession was very deep in some areas of the country, we didn’t feel the depths of it.

But because we have not replaced some of our signature economic engines, it looks like Kentucky will have a longer time to recover.  So, while the recession wasn’t as deep here, it will be longer to overcome.