So here are some intersting facts. I received some information concerning the percentage of home that are sold as REOs in the Maricopa County in Arizona. REOs are not short sales, they are properties that have taken back by the lender after foreclosure.
- 40% of reported sales for Maricopa County, Arizona in September were Lender Owned.
- 51% of reported sales for Glendale, Arizona in September were Lender Owned.
- 43% of reported sales for Goodyear Arizona in September were Lender Owned.
- 42% of reported sales for Peoria Arizona in September were Lender Owned.
- 44% of reported sales for Surprise Arizona in September were Lender Owned.
- 56% of reported sales for Tolleson Arizona in September were Lender Owned.
- 46% of reported sales for Phoenix Arizona in September were Lender Owned.
- 30% of reported sales for Chandler Arizona in September were Lender Owned.
- 40% of reported sales for Mesa Arizona in September were Lender Owned.
- 46% of reported sales for Queen Creek Arizona in September were Lender Owned.
- Only 20% of reported sales for Scottsdale Arizona in September were Lender Owned.
Thanks for reading.
- Jeff Buettner
Real Estate Wiz Kid
