Opportunity for investors like us and yes, solutions for upside down homeowners. The best thing about these opportunities, is that we are investing in houses that otherwise would go straight to foreclosure. We are stopping the foreclosure in its tracks and saving the homeowner from a massive blow to their credit, clearing up the liens on the properties and delivering them to new home buyers at affordable, lower prices.
The state of Arizona’s foreclosure rate moved from the nation’s third-highest to second-highest, according to new data from RealtyTrac Inc.
One in every 169 Arizona housing units received a notice of default, scheduled auction or bank repossession in April; more than twice the national average. In all, 16,088 residences received notices. That’s down 15 percent from March, but just 1 percent from April 2009.
Nationwide, Nevada posted the highest foreclosure rate for the 40th consecutive month, with one in every 69 housing units receiving a notice in April; more than five times the national average.
Nationwide, there were 333,837 foreclosure actions in April, a 9 percent decline from the month before and 2.4 percent below April 2009 levels.
Florida continued to hold on to the No. 3 positionin the country, RealtyTrac reported. The state recorded 48,384 foreclosure notices in April, involving about one out of every 182 homes; down 18 percent from last month and 25 percent from the same time last year.
Our investment company; Property Results, LLC is actively purchasing preforeclosure, short sale properties in the Phoenix, Arizona metropolitan area in both Maricopa and Pinal counties; as well as in the Las Vegas, NV area in Clark County.
Attention Real Estate Agents in Phoenix, AZ and Las Vegas, NV: We need more short sale properties to purchase! Call or e-mail us today! also visit us for more short sale investing strategies at http://www.successroads.com
Irvine, Calif.-based RealtyTrac’s U.S. Foreclosure Market Report collects data from more than 2,200 counties nationwide, accounting for more than 90 percent of the U.S. population
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