Tag Archives: Distressed properties are on the decline in Phoenix

Lenders took title to 4,203 single-family properties at foreclosure auctions in Phoenix back in 2009. Fast forward to June 2013, and that number has plummeted to 278. There are still advertisements saying thousands of lender-owned properties are going to flood the market, just not the Greater Phoenix market. Sure, there was a flood of cheap properties at one point in time, but that time has passed. Four years ago, in 2009, 86,315 single-family properties in Greater Phoenix went into the foreclosure process leading to a property dumping. In the first […]