Posted: Nov 15, 2012 2:30 AM by Associated Press
PHOENIX (AP) - The number of Arizona homes in some stage of the foreclosure process dropped again in October compared to a year ago, and homes actually repossessed by banks also dipped.
Data released Thursday by foreclosure tracking firm RealtyTrac (http://www.realtytrac.com) shows lenders actually repossessed nearly 2,821 Arizona homes in September, 600 fewer homes than in September. New foreclosure filings rose slightly to about 3,900 last month.
October saw a 36 percent drop in homes being repossessed or receiving initial foreclosure filings compared to October 2011.
RealtyTrac says one in every 420 Arizona homes was in some stage of the foreclosure process last month.
The state dropped one position to No. 5 for foreclosure activity rate in the nation. Florida is No. 1 and Nevada No. 2.
Click here to submit a news tip to us!
Become a Facebook Fan!
Help those in need this holiday season
Win! Win! Win!
Wise Local Marketing!
Get news, weather and more on your smartphone and tablet!
Get texts for news, traffic, deals and more!
Sign up on KVOA.com for newsletters, exclusive deals, and more!
What's happening on News 4 @ 4
Stories and videos with Kristi's Kids
Check out the latest events FC Tucson has scheduled.
Let us help grow your business
Digital Channel 4.2
What's on KVOA and when!
Contact info for our department heads
KVOA's on air personalities!
Work at News 4 Tucson
Complete feeds of all KVOA.com stories
FCC Public File of Records, Reports, and More