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A look back @ 2009, Forecl. Help for seller, #yourValleyProperty Team

By GilbertRealtor BillSalvatore

Real Estate Agent with Arizona Elite Properties SA545073000

June 14, 2026 04:00 AM

Government Foreclosure Help for Homes Facing Foreclosure in Az
Approximately 74% of all home sales in the current Phoenix/Mesa Arizona real estate market are either Short Sales or REO’s. The Arizona real estate market was the 5th hardest state hit in 2009 for foreclosures. Only Nevada, Florida, California and Michigan surpassed Arizona in all foreclosures. In May of 2010, our local MLS (ARMLS) showed the following home sales in Arizona.

49% Active Short Sales Listings up 137% from 2009
19% Pending Short Sales Listings up 200% from 2009
20% Closed Short Sales Listings up 246% from 2009
Obviously all of this is very troubling for the home owner. However, there are many useful internet sites available to answer questions you might have regarding selling your home in today’s distressed real estate market. A number of these web sites are listed below. Please take the time to browse the information provided within these web sites before making any decision regarding selling your home.

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GILBERT ARIZONA HOMES FOR SALE, Bill Salvatore, AZVHV /
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Gwen Fowler SC Lakes & Mountains 864-710-4518

Gwen Fowler Real Estate, Inc - Walhalla, SC

Gwen Fowler Real Estate, Inc.

This is a great look back, Bill. It's wild to remember just how challenging the market was in 2009 and 2010, especially with Arizona being hit so hard by the foreclosure crisis. Providing these historical resources and insights is such a helpful reminder of how far we've come and how vital a seasoned professional is when navigating a shifting market. Thanks for sharing this perspective!

Jun 14, 2026 05:10 AM

Roy Kelley

Gaithersburg, MD

Roy Kelley

Retired - Gaithersburg, MD

Good Sunday morning, Bill. Thanks for sharing the statistics. There are many opportunities for smart investors when we have a troubled market.

Jun 14, 2026 06:44 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Real Estate Broker

Hello Bill... fortunately, Charlotte did not suffer as much as much of the rest of the country during the Great Recession. I attribute that to the fact that we were never a speculative market. We came late to that party and were one of the first to recover.

Jun 14, 2026 04:55 PM

A look back @ 2009, Forecl. Help for seller, #yourValleyProperty Team

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