valley foreclosures drop: Valley Foreclosures Drop, Repossessions Increase Nationally - 06/10/10 09:30 AM
The number of new foreclosure filings against Phoenix-area homeowners fell in May to the lowest level since July 2008.
Foreclosures also dropped last month to 4,090, their lowest since November 2009.
Nationally bank repossessions hit a record monthly high in May, according to RealtyTrac, the online marketer of foreclosed properties. Lenders took back 93,777 properties, up 1% from the previous month's record and 44% from the same period a year earlier.
The U.S. Treasury Department, which manages the federal housing plan to slow foreclosures, reported increases in both trial and permanent loan modifications in the Valley during April.
Foreclosure filings, meanwhile, … (0 comments)

Tyler Ryan, New Home Consultant (Lennar Homes)

Tyler Ryan

New Home Consultant

Tempe, AZ

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