Arizona foreclosures down in April
May 14th, 2007, 5:31 pm · Post a Comment · posted by mistywilliams
Some 4,129 properties in Arizona entered some stage of foreclosure last month, a 7.75 percent drop from the month before, according to RealtyTrac, an online marketplace for foreclosure properties. Unfortunately, foreclosures in this state were still up more than 140 percent, compared with April 2006.Nationwide, 147,708 properties entered some stage of foreclosures last month, down 1 percent from March but up 62 percent from April 2006. Not surprisingly, six out of 10 cities with the highest foreclosure rates were in California — Stockton (No. 1), Vallejo-Fairfield (No. 2), Riverside-San Bernardino (No. 4), Modesto (No. 6), Sacramento (No. 7) and Merced (No. 8).Industry observers say homeowners foreclosure woes will continue, and likely get worse, for at least the next 6 months to 8 months.







