The crisis in the residential real estate market in Arizona has spilled over to its commercial real estate market. Data showed that more commercial properties are facing bank foreclosure list and the numbers are expected to continue rising in the coming months.
Lis pendens foreclosure numbers in Utah for January were up over December, but down from the previous year. They also remained higher than the national average.
Indianapolis home foreclosures made the city again the most affordable to buy a home in the last quarter of 2009. More than 95 percent of all houses sold in the city during the quarter were affordable to median-income families in the area.
Bank owned foreclosures declined in Tulsa in January 2011 compared with December 2010. However, year-over-year comparison showed an almost 3% increase.
The various prongs of President Obama’s foreclosure plan were finally discussed in Arizona, with most of the funds helping at-risk borrowers work out loan modifications.
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