The number of foreclosures has dropped dramatically in metro Phoenix since peaking in 2011. But during the housing crash, they dominated the market. Lenders have taken back more than 250,000 homes since 2008.
As the economy has improved, the number of foreclosures returned to precrash levels. In September, there were fewer than 700, compared with about 4,000 a month throughout 2011. The peak month for foreclosures in the Phoenix area was March 2010, when there were more than 5,000.
Read more...Foreclosures slow to a trickle
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