Archive for the ‘Arizona’ Category
Rapidly Increasing Phoenix Foreclosures Overtake Tucson
Thursday, July 3rd, 2008On foreclosures by state basis, Arizona ranks #3 for the highest rate of foreclosed houses and had 27,404, which work out to be one foreclosure per 95 households. The single largest contributor to these escalated numbers are Phoenix foreclosures that account for 84% of the entire state’s mortgage defaulters with one foreclosure filing for every 70 Phoenix households. Moreover, Phoenix now ranks as the 7 city with the highest foreclosure rate in the nation.
Arizona’s Efforts To Help Homebuyers Facing Foreclosure Problems
Wednesday, June 25th, 2008Foreclosure has become a major issue in Arizona’s real estate market and a very strong indication of that is found in the various efforts the state authorities are making in helping people who are facing foreclosure issues. One of these efforts is the setting up of a 24/7 helpline to help people on the verge of Arizona foreclosures. A toll-free number connects people with a foreclosure counselor who can provide tips and guidance on how to go about the process with the least amount of damage done. The helpline has been set up at a cost of $1.3 million, which was covered by a federal grant. This only goes to show how concerned Arizona is about the foreclosure problem.
Arizona on a low foreclosure rate
Thursday, April 24th, 2008While there has been a considerable increase in mortgage delinquencies and foreclosure rates among major states of the country including Phoenix metro during 2007, Arizona foreclosure still maintains a low rank when compared to other states of the country. And even with many people losing their residential homes in the Valley increased by tenfold in 2007, Arizona’s forclosure rate still maintained a low rank and stayed at the bottom 10.
Why Choose Mesa Arizona Foreclosure Homes?
Wednesday, February 27th, 2008How about a fabulous west coast home in sunny, warm, beautiful Mesa Arizona? This growing community full of culture, modern businesses, and country club entertainment offers an excellent quality of life and searching Mesa foreclosure homes is a great way to get in the door. Someone relocating to Mesa will just fall in love with the intimate, yet very modern lifestyle there. Mesa has a population of over 240,000 and an average income per household of about $53 thousand. Mesa foreclosed houses are plentiful to choose from as the percentage of foreclosure listings are over 55 thousand for the year to date. The out skirts of the city are surrounded by the dessert on one side and mountains on the other.
Why Arizona Foreclosure Homes Are Great Investments
Tuesday, October 9th, 2007Searching conveniently for the best Arizona foreclosure homes has never been this easier. This may be due to the fact that they are seen everywhere. You can read a long list of foreclosed properties in newspapers. Your community boards—or the auction hall, if you have one—can also be great resource for foreclosed properties. Of course, you can go online and search for Arizona foreclosed homes at your most comfortable time.
US Foreclosures Rate Reached New Records
Wednesday, July 25th, 2007Despite efforts to control the worsening foreclosures situation in the country, the number of foreclosure filings for the first half of 2007 reached an all-time record high. There were a total of 926,000 foreclosure filings, up by 56 percent when compared to last year. In the states of Florida and California, home prices dropped by more or less 25 percent while in Michigan and Ohio, thousands of people in the automotive industry lost their job, further fueling the high foreclosures rate.
Arizona Foreclosures Condition: Better than Other States
Thursday, March 22nd, 2007Compared to the nation’s 4.95% and region’s 3.88% mortgage delinquency rate, Arizona’s is at 3.51%, according to the Mortgage Bankers Association. This figure was based on the Arizona house foreclosure rate in the fourth quarter of 2006. The city of Tucson posted a below national average subprime market share, which could be the reason why there are less Arizona foreclosures.
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