PRE-FORECLOSURE NOTICES ON RISE

By Kent Berk on August 6th, 2010 in BLOG

In July 2010, there were about 33% more pre-foreclosure notices (notices of trustee’s sales) issued in Maricopa County, Arizona than June. In June, there were approximately 5,800 notices issues, compared with just over 7,800 in July.

Notices of trustee’s sales give at least a 90 day notice of the date, time and place of the trustee’s sale, which is the foreclosure sale under a deed of trust.