Arizona foreclosure rate keeps dropping - New York News

Arizona foreclosure rate keeps dropping

Updated:

PHOENIX (AP) - 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% drop from January and a 56% 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.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Baby found in teen's shopping bag called homicide

    Baby found in teen's shopping bag called homicide

    Wednesday, April 16 2014 11:07 PM EDT2014-04-17 03:07:27 GMT
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
    The New York City medical examiner has ruled that the death of a baby found in a teenager's shopping bag was a homicide.
  • Chelsea Clinton: I might run for office

    Chelsea Clinton: I might run for office

    Wednesday, April 16 2014 8:36 PM EDT2014-04-17 00:36:50 GMT
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
    Chelsea Clinton says she might run for office someday - if she becomes dissatisfied with the job her elected representatives are doing.
  • NJ mom charged with trying to kill her 3 teens

    NJ mom charged with trying to kill her 3 children

    Wednesday, April 16 2014 8:25 PM EDT2014-04-17 00:25:35 GMT
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
    A southern New Jersey woman is in custody on charges she tried to kill her three children by driving her car into the Delaware River.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices