New Wave of Foreclosures Expected
Although foreclosures declined 14% from a year ago, RealtyTrac reports that this information could be misleading as states such as California and Arizona actually posted increases. It was also noted that scheduled foreclosure auctions hit a nine month high.
The number of distressed homeowners continues to rise in Maricopa Arizona and I would agree with this article in that there will be a new wave in the future, When, exactly that occurs remains to be seen. Dozens of homes in Maricopa Az have been vacant for numerous months and are just a small example of the “shadow inventory” that still exists. The media/politicians would like to paint a rosy picture on the housing market crisis but I am not a buyer!!
Read the whole article http://bit.ly/uCxuwU
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