Arizona foreclosure rate fourth highest in nation
April 15th, 2008, 10:28 am · Post a Comment · posted by mistywilliams
With 9,199 new foreclosure filings reported in March, Arizona posted the fourth highest foreclosure rate in the country — a distinction it has carried three months in a row now.
Statewide, foreclosure activity dipped 5 percent last month from February but was still up nearly 106 percent from March 2007, according to RealtyTrac, an online marketplace for foreclosure properties.
Nationwide, one in ever 538 American households received a foreclosure filing — default notices, auction sale notices and bank repossessions — in March, a RealtyTrac report shows.
“Overall foreclosure activity so far this year continues to run nearly 60 percent above the levels we saw last year,” CEO James Saccacio said in a statement.
The top 10 states with the highest foreclosure rates also included Nevada, California, Florida, Colorado, Georgia, Ohio, Michigan, Massachusetts and Maryland.







