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The Foreclosure Picture in Phoenix Arizona


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Blog by Doug Ingersoll | July 14th, 2016


From Elliott Eisenberg The Bowties Economist:

Fine Foreclosures   

The percentage of homes with a mortgage in foreclosure in 5/16 was 1%, compared to 1.3% in 5/15 and a peak of 4.5% in 2010. The current rate is the lowest since 10/07 but is still double the historic average. NJ had the highest foreclosure inventory at 3.6%, followed by NY at 3.2% and HI at 2.1%. AK, AZ, CO, MN and UT all had the lowest rate at 0.3%.  

Lets take a look at some Cromford Report Graphs. The first one represents the bank putting the notice on the tax record of the home - not the actual sale. 
Sheet 1.png

Here are the actual trustee / bank sales:
Trustee Deeds.png