Arizona falls from #3 to #4 in the National Foreclosure Market

Real Estate Agent with RE/Max Infinity - DRE# SA528757000

foreclosures arizonaIn July 2009, Arizona ranked as the third highest foreclosure state in the Nation.  However following a 10% month-to-month decline, Arizona fell to fourth place according to, in its August 2009 Foreclosure Report.

#1 Nevada holds the dubious distinction of having the highest foreclosure rate in the Nation with one in 62 housing units receiving a foreclosure filing in August 2009 for a total of 17,902 properties (6.7 times the National average)

#2 Florida ~ one in every 140 housing units receiving a foreclosure filing (62,401 properties in August).

#3 California ~ one in every 144 housing units receiving a foreclosure filing (92,326 properties in August) despite continuous declines in foreclosure filings.

#4 Arizona ~ one in every 150 housing units receiving a foreclosure filing (which is still more than twice the national average).

The 6 states rounding out the top ten based on number of foreclosure filings per housing unit are:

Michigan; Idaho; Utah; Colorado; Georgia; and Illinois

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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I think that is a very good thing keep moving in that direction

Sep 27, 2009 12:53 PM #1
Jane Penttinen
V.I.P. Mortgage - Tucson, AZ
NMLS #222178

YIPPEE FOR US!!!!!  One day we will be taken off the declinging markets list - until then, hang on to your seats.  There's still a few bumps left in the road.

Sep 27, 2009 12:55 PM #2
Sharon Senger
The British Virtual Assistant - Seattle, WA
Licensed Transaction Coordinator


Thank you for posting this information and I am sure the sellers in Arizona are glad to hear this news.


Sep 27, 2009 12:56 PM #3
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial 928-201-4242 - Fort Mohave, AZ
928-201-4BHC (4242) call/text

We're coming back strong, Amy. :)

Sep 27, 2009 01:01 PM #4
Debbie Aldrich
The Watts Group Real Estate - Cottonwood Heights, UT
Salt Lake City Realtor - Salt Lake County, Cottonwood Heights


One day this will not be so prevalent; I hate to see families and people suffer.

Sep 27, 2009 03:15 PM #5
Amy Jones Group
RE/Max Infinity - - Chandler, AZ
#1 RE/MAX Team in the East Valley

Thanks for your comments!  We'll all be glad when this list no longer exists and it seems we are at least starting to head in that direction!

Sep 27, 2009 06:04 PM #6
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