In March 2012 there were 1982 foreclosures. This is down by 123 from February. This is also down significantly from the all time high in March 2010 when there were 5451 foreclosures in a single month. There is a clear trend of less and less foreclosures each month.
At the end of March 2012, there were 16,947 Active Default Residential Properties. Default Properties include all homes where the borrower has not made payments for at least 90 days. The property starts the foreclosure process after the Bank records a Notice of Trustee Sale.. Properties remain in this status until there is a recorded Trustee Sale or Cancellation of Trustee Sale.
This is down slightly from the previous month by 384 units when there were 17,331 Active Default Residential Properties. This is a huge decrease from the all time high in in December of 2009 when there were 47,606 Active Default Residential Properties.
Call Carmen at (602) 791-0536 to set up your personalized tour of Scottsdale homes for sale including foreclosures.
Scottsdale Realtor | Attorney
The Brodeur Luxury Group
21040 N. Pima Rd Suite 200
Scottsdale, AZ 85255