Trustee Deeds In Phoenix
Below is a monthly graph of trustee deeds recorded for single family homes in the city of Phoenix. Blue indicates sales to third parties and red indicates properties that went back to the lender. While this is only for the city of Phoenix it is indicative of the trend in Greater Phoenix. You may also want to see the notices of trustee sale graph.
- foreclosures peaked in February 2009 and then stayed at fairly constant high levels until Q1 2011
- exceptions occurred in March through May 2009 (a government imposed moratorium) and in Q4 2010 (a self-imposed moratorium by Bank of America)
- foreclosures have declined significantly throughout 2011
- the slight upward blips in August and November 2011 made headline news in the local press, but they can be seen here to be almost irrelevant in the context of the overall decline
- the percentage being purchased by investors has increased and is now almost half of all trustee sales
- relatively few homes are now going back to the lenders
→ Cromford Report
Bank Owned Properties For Sale
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