Friday, September 5, 2008

Tolleson, Litchfield Park have highest foreclosure increase

by Grayson Steinberg - Aug. 25, 2008 12:00 AM
The Arizona Republic

Among Maricopa County cities, Tolleson led with the largest percentage increase in foreclosures and pre-foreclosures during the first half of this year compared with the same period in 2007.

Foreclosures in Tolleson were more than 600 percent higher while more than 300 percent more foreclosure notices were handed out. There were 352 foreclosures in Tolleson from January through June, compared with 46 for the same time last year.

After Tolleson, Litchfield Park had the next-highest percentage increase in foreclosures, and Queen Creek had the second-highest percentage increase in foreclosure notices.

In sheer numbers, Phoenix had the most foreclosures in the first half of this year, with 5,872, compared with 926 for the same months in 2007.

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