Tag Archives: RealtyTrac

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Arizona foreclosure rate tumbles

The number of Arizona homeowners losing their home to repossession or who are in some stage of the foreclosure process keeps on dropping.

New data released by foreclosure tracking form RealtyTrac shows nearly 4,000 homes were either taken by lenders or received notices of foreclosure last month. That’s a 29 percent drop from January and a 56 percent drop from February 2012.

About 1,900 homes were repossessed last month and 2,100 homeowners received a notice of default, the first step in the foreclosure process.

In March 2012, nearly 9,500 homes were in some stage of foreclosure. That includes 3,600 Arizona repossessed by banks and more than 5,900 homeowners who received a notice of default. That month, Arizona was No. 1 in the nation for foreclosures. Arizona is now No. 6.

foreclosure

1/3 of Arizona's home sales are foreclosure-related

A new report shows 34 percent of all home sales in Arizona last year involved houses in some stage of the foreclosure process.

The data released Thursday by foreclosure tracking firm RealtyTrac shows that’s actually a 26 percent dip from the previous year.

Nearly 65,000 homes sold while in some stage of foreclosure last year. The average sales price for those homes was $142,000 and reflected a 23 percent discount from regular prices. The number of foreclosure sales actually was a 25 percent improvement from 2011.

Another 19 percent of the homes sold last year were short sales where the bank accepted less than was owed on the mortgage.

Both numbers were substantially lower than in 2011 as the Arizona home market finally began recovering from years of high foreclosures.

foreclosure

1/3 of Arizona’s home sales are foreclosure-related

A new report shows 34 percent of all home sales in Arizona last year involved houses in some stage of the foreclosure process.

The data released Thursday by foreclosure tracking firm RealtyTrac shows that’s actually a 26 percent dip from the previous year.

Nearly 65,000 homes sold while in some stage of foreclosure last year. The average sales price for those homes was $142,000 and reflected a 23 percent discount from regular prices. The number of foreclosure sales actually was a 25 percent improvement from 2011.

Another 19 percent of the homes sold last year were short sales where the bank accepted less than was owed on the mortgage.

Both numbers were substantially lower than in 2011 as the Arizona home market finally began recovering from years of high foreclosures.

foreclosure

Arizona foreclosure numbers drop

The number of Arizona homes in some stage of the foreclosure process dropped again in October compared with a year ago, and homes actually repossessed by banks also dipped.

Data released Thursday by foreclosure tracking firm RealtyTrac shows lenders actually repossessed nearly 2,821 Arizona homes in October, 600 fewer homes than in September. New foreclosure filings rose slightly to about 3,900 last month.

October saw a 36 percent drop in homes being repossessed or receiving initial foreclosure filings compared to October 2011.

RealtyTrac says one in every 420 Arizona homes was in some stage of the foreclosure process last month.

The state dropped one position to No. 5 for foreclosure activity rate in the nation. Florida is No. 1 and Nevada No. 2.