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Phoenix Foreclosure Listings. Phoenix Foreclosure Facts

Phoenix Foreclosure Facts

According to Wikipedia, “foreclosure is the legal and professional proceeding in which a mortgagee, or other lienholder, usually a lender, obtains a court-ordered termination of a mortgagor’s equitable right of redemption.” To put it simply, foreclosure is a legal process in which a lender takes over ownership of a property when the borrower [...]

Phoenix AZ Foreclosures fell slightly in September

Phoenix AZ Foreclosures fell slightly in September 2009

There are some positive signs coming from metropolitan Phoenix’s housing market. Foreclosures dropped slightly in September, while home prices inched up again.

• Last month, lenders foreclosed on 3,759 Valley homes, an almost 5 percent drop from August, according to the Information Market. It’s the second month in a [...]