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Homes For Sale

Scottsdale and Phoenix Foreclosure Trends

April 18, 2012 by Carmen Brodeur

The Cromford Report has just released its monthly statistics for Scottsdale and Phoenix foreclosures. This is some of the most accurate data on the state of our current market.foreclosures in scottsdale arizona

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 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.

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com

Carmen Brodeur Scottsdale RealtorVoted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2023. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.

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Your Scottsdale Real Estate Connection

Whether you are buying or selling, we are committed to providing you with exceptional service. Put our experience to work for you. Contact Carmen Brodeur today at Carmen@TopScottsdaleHomes.com

Our Office

We are conveniently located in North Scottsdale.

Trillium Properties, LLC
20715 N. Pima Road, Suite 108
Scottsdale AZ 85255
(602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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