Foreclosures on the Rise in a Few Pockets...AZ???

[Bevla Reeves]

I thought foreclosures were way down and would be for awhile in my state of Arizona!

I was surprised to read this today...up 76%??!  Is your state on the list?

Thirteen states posted a year-over-year increase in foreclosure starts in July, according to new foreclosure data released by ATTOM Data Solutions. Those states seeing an increase include:

• Delaware: foreclosure starts jumped 113%
• Arizona: +76%
• Utah: +63%
• Connecticut: +50%
• Oregon: +20%
• South Carolina: +3%
• Massachusetts: +3%
• Virginia: +3%

Of the 1,713 counties analyzed with foreclosure starts in July, 36 percent posted year-over-year increases, including Maricopa County (up 43 percent); Prince George’s County, Md. (up 33 percent); Baltimore City, Maryland (up 11 percent); Cuyahoga County, Ohio (up 3 percent); and Broward County, Fla. (up 2 percent).

In July, the metros with populations of at least 200,000 that had the highest overall foreclosure rate were:

• Atlantic City, N.J.: 1 in every 232 housing units with a foreclosure filing)
• Trenton, N.J.: 1 in every 515
• Lakeland-Winter Haven, Fla.: 1 in every 565
• Deltona-Daytona Beach-Ormond Beach, Fla.: 1 in every 568
• Tampa-St. Petersburg-Clearwater, Fla.: 1 in every 698

Nationally, one in every 1,540 housing units received a foreclosure filing in July.

[Charles Worth]

@Bevla Reeves

DOnt know about AZ but I can tell you that some states have a ton of backlog foreclosure inventory. Those states still have not worked through the previous foreclosure inventory because of laws, not wanting to flood the market etc. With prices up and time having passed some of those areas have expected a lot of inventory for a while.