Friday, July 30, 2010

Phoenix 7th highest for home foreclosures

More than half of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity -- even while foreclosure activity decreased in nine of the 10 metros with the highest foreclosure rates, according to a report Thursday from RealtyTrac Inc.

The Phoenix-Mesa-Scottsdale metro area posted the nation's seventh highest metro foreclosure rate, with 4.28 percent of its housing units (one in 23) receiving a foreclosure filing in the first half of 2010.

http://www.bizjournals.com/phoenix/stories/2010/07/26/daily40.html?ana=e_du_pub

Nagle Law Group, P.C. 4530 E. Shea Blvd., Ste 140 Phoenix, AZ 85028 (602) 595-3156 http://www.naglelawgroup.com.realestate.asp

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