Foreclosure Notices Dropping

The latest market statistics for Maricopa County have just been released. The number of Notices of Default for residential properties in Maricopa County has dropped again. There is now a steady trend of the number of Notices of Default dropping month by month. The Notices of Default is a precursor to a foreclosure. As the number of Notices of Default drops, so will the number of foreclosures. Check out the graph. The purple line shows the number of active Notices of Default in Maricopa County since June 2009.

If you are interested in a Scottsdale foreclosure, don’t sit on the fence too long. There are less and less foreclosures in Scottsdale. Desert Mountain regularly had 10-12 foreclosures on the market at any time last year. This year we have an average of 5-6 on the market. Sign up to receive our automatic foreclosure alerts. You will receive an email whenever a new foreclosure in Desert Mountain hits the market.