Arizona trus​tee sales nudge up, but still trending down to 2007 levels…

August 1 – Recorded trustee sales in Maricopa County for July 2012 totaled 1,999 for all property types (1,873 for residential). This is 8.9% higher than June 2012, but 60.6% less than July 2011. New notices of trustee sale totaled 3,388 for all property types (3,219 for residential). This is down 13.2% from June 2012 and down19.2% from July 2012. It is also the lowest monthly total for new notices of trustee sale since September 2007. The “ripple” of extra notices that followed the February settlement between the big 5 banks and the states appears to have subsided. Total residential REO inventory is 5,453, down by 7.7% from last month and down 65.6% from August 1, 2011. Active notices (i.e. pending foreclosures) total 16,018, down 2.6% from last month and down 31.3% from August 1, 2011. Apart from the monthly increase in trustee sales, all the numbers are still showing a foreclosure wave in decline.

Courtesy of the Cromford Report,  h/t Mike Balzotti

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