2010 will be one for Arizona’s history books- and not in a good way. Record foreclosures, stubbornly high unemployment and falling home prices made for a grim picture: [Hat tip M.R.!] PHOENIX – Arizona closed out 2010 with a record number of home foreclosures, marking the third straight year of staggering growth for bank repossessions. From January through November, 65,911 Arizona homeowners lost their houses to the mortgage holder, 12 percent more than were taken in all of record-setting 2009, according to foreclosure listing firm RealtyTrac Inc. Banks and loan companies were on track to take thousands more homes in…
Read more…
