Saturday, April 14, 2007

Foreclosures Skyrocket In Phoenix Area

The Arizona Republic is reporting that foreclosures in the Phoenix area have increased ten times over last year's number. Delinquencies are also at a four year high, so the problem may get even worse.

The reader's comments after the story are interesting. Several people say they will be picking up deals as they become available.

1 comment:

Trisha#1 said...

Wow! That's a huge increase! Are the lenders asking such low prices on their properties that they're affecting the market?

© 2006 Shaun | Site Feed | Back to top