On the surface it sounds like bad news...Arizona is now the Number 1 state for foreclosures, with 3600 homes actually foreclosed on in March and more than 5900 homeowners receiving a notice of default. But the good news is that those numbers are way down (a 40% drop!) from a year ago and the only reason we are now Number 1 is that the numbers dropped even further in Nevada, the previous Number 1 state for foreclosure activity. We are not out of the woods yet regarding foreclosures but there may be light at the end of the tunnel.
Arizona Tops US in Foreclosures for Month - Arizona Daily Star