Thursday, June 24, 2010

Anthem Foreclosures on the Rise

The number of foreclosures in Anthem quadrupled during the first five months of this year, according to numbers provided by a national firm that tracks the data. Arizona Regional Multiple Listing Services, IMAPP Inc company based in Tampa, Fla., collects property and tax information from counties such as Maricopa County. The numbers for the Anthem community show that foreclosures rose over the past three years:

• 2010: 288 houses were foreclosed on, January through May.
• 2009: 69 houses were foreclosed on, January through June; 148 houses July through December.
• 2008: Two homes were foreclosed on, January through June; 15 houses July through December.

The Anthem Community Council wrote off $433,608.19 of uncollectable debt from fees that council had assessed homeowners. These accounts were 999 days past due (3 yrs) and most of the people had moved out of state and there is no way to collect according to spokesperson, Karen Angelo.

Based on this current information, we can expect more lender owned property inventory to continue entering the market for quite some time.

About Kathleen Mazzocco

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Scottsdale, AZ, United States
Kathleen has worked with a variety of clients and employees from across and outside of the country, and this has given her a firm grasp of all the details that need to be considered when buying a home in Scottsdale, Anthem, or other areas of Phoenix, Arizona. Kathleen is a AZ Corporate Relocation Professional, and Buyer's Agent. She doesn't just help you find the home you want, she also insures that you're settling in well and that you have all the information you need in order to enjoy the highest-quality lifestyle Arizona has to offer. Begin your plan moving to Arizona with Kathleen today. It's a buyer's market right now, so there are great opportunities for you to land the home of your dreams for much less than you ever imagined possible. Acquiring property foreclosures, short sales, and bank owned homes are ways you can save in today's market. As Certified Distressed Professional she can negotiate the best possible price and terms for you. Please browse through Kathleen's website and let Kathleen Mazzocco help you come home to Arizona,search the newest home listings at www.KathleenInAZ.com.