Arizona foreclosure rate keeps dropping - New York News | NYC Breaking 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 This material may not be published, broadcast, rewritten or redistributed.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 News

  • Friday, May 24 2013 11:02 PM EDT2013-05-25 03:02:42 GMT
    A Long Island woman who owns a hot dog truck has been busted once again for prostitution, according to Nassau Police.
    A Long Island woman who owns a hot dog truck has been busted once again for prostitution, according to Nassau Police.
  • Friday, May 24 2013 10:44 PM EDT2013-05-25 02:44:03 GMT
    The unofficial start of summer is being met with not-so-perfect beach weather. Many beach communities had been hoping for good weather this Memorial Day weekend following the destruction caused by Superstorm Sandy.
    The unofficial start of summer is being met with not-so-perfect beach weather.  Many beach communities had been hoping for good weather this Memorial Day weekend following the destruction caused by superstorm Sandy. The Fox 5 weather team is calling for sunny skies on Sunday and Monday.
  • Friday, May 24 2013 10:39 PM EDT2013-05-25 02:39:12 GMT
    More than 22 million veterans live in the United States. Anthony Geathers and Zach McClanahan are two of them.
    More than 22 million veterans live in the United States. Anthony Geathers and Zach McClanahan are two of them.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices