Maricopa County Foreclosure Data October 2012

December 3, 2012

Maricopa County Residential Foreclosure Data 10/01/12

What does all of this data mean? Here is the take away:

Default Properties: The status of a property currently within the Foreclosure process after the Bank records a Notice of Trustee Sale due to lack of borrower making payments for at least 90 days. Properties remain in this status until there is a recorded Trustee Sale or Cancellation of Trustee Sale.

ForeclosuresWhen the Bank either sells the property at the Trustee Sale (Auction) or takes the property back via Trustee’s Deed.

REO Properties: Properties that the bank owns due to lack of sale at the Trustee Sale (Auction).

NOTE: Short Sales currently represent approximately 26% of the total sales – and REO Sales are down to 12.6%. “Traditional Sales” currently represent 61% of the market – that is the highest percentage for “Traditional Sales” in five years!

If you have any questions regarding short sales, foreclosures or traditional sales, especially Real Estate for Sale in Queen Creek and San Tan Valley AZ, then please do not hesitate to contact Karen Berg at 602.919.2375. I always enjoy informing my buyers and sellers on the important issues pertaining to real estate in today’s market!

We are full-time, experienced Realtors working in Queen Creek and the surrounding areas.  With decades of East Valley real estate experience under our belts,  we are here to answer any questions you may have.  Please do not hesitate to reach out to Karen Berg at 602.919.2375 or April Anderson at 480.272.1977.

We’re looking forward to hearing from you soon!

Karen Berg and April Anderson

United Brokers Group
21321 E Ocotillo Rd F113
Queen Creek, AZ 85142

*Special thanks to Equity Title Mesa for the analysis.

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602.919.2375