Lender Owned Properties in Arizona
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
I just can’t make payments on my Scottsdale home anymore !
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November 18th, 2008 at 10:08 pm
That 46% is really high, its amazing how things turn like this. The good news is I believe we will see numbers like that start declining, especially now that lenders are a lot more strict.
November 19th, 2008 at 12:53 pm
Great information. I will have to look into just how to gather such info for my area. I did write a blog post about my attempt to purchase a home which was in foreclosure.
November 24th, 2008 at 3:21 am
You gathered a good piece of information, also interesting statics about Arizona properties.
January 2nd, 2009 at 7:42 am
It is good that the homes are being returned to the marketplace, better than sitting there empty.