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« Phoenix Foreclosure Days Gone: rated 8th worst city for foreclosure buys | Main | Phoenix Housing Market and Inventory Report February 2013 »

February 20, 2013

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Stefan S.

34% of total housing sales were due to foreclosures! Wow, that statistic is pretty frightening particularly if people have ben able to refinance their mortgages for a while now due to the lower interest rates and new rules. It is very worrying that people would have to get into foreclosures. While I understand that some properties may have lost a lot of their value, still there are so many options under the new FHA rules to act on. What do you think?

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