Arizona Retains Dubious Foreclosure Ranking | Legal News | News Ticker
- Home /
- Arizona Retains Dubious Foreclosure Ranking | Legal News | News Ticker
One of the true litmus tests for the health of any economy is the state of its real estate market, and anyone who is familiar with Arizona understands that the real estate market here is at an all-time low in terms of amount of collective equity in homes and the number of foreclosures being pursued. Unfortunately, Arizona has once again been highly ranked in terms of the number of foreclosures that are occurring in the state, as it retained its hold on the number two spot in the United States behind only Nevada for the fifth straight quarter.
According to several reports, one out of every 55 housing units in Arizona received a foreclosure notice in the third quarter of 2009, which is much higher than the national average of one in every 136 housing units. These numbers are expected to drop significantly in the next quarter or two, but that’s only because of a moratorium imposed by the federal government that will artificially deflate the foreclosure rate around the United States. In Phoenix alone, there were more than 1,000 more foreclosure notices sent in September of 2010 than during the same month of 2009.
Arizona Bankruptcy Lawyers
Many people have tried to hang onto their homes in hope that they would be able to find a new job and get back onto their feet. Unfortunately for many, this has not happened and their financial situations have only gotten worse. Most who find themselves in this situation are not sure how to proceed in terms of finding a way out from under the mounting financial stress that can destroy any person’s overall quality of life when fears include answering the phone or walking to the mail box.
If you are tired of the stress and the anxiety, it’s time to take that first step towards financial freedom and peace of mind. Seek the help of Arizona bankruptcy lawyers who can analyze your specific situation and help you plot a course towards recovery.
The Phillips Law Group recommends the experienced bankruptcy attorneys atMontano Arentz & Associates, PLLC for all of your bankruptcy needs. Call today to schedule a free initial consultation!
Free Case Evaluation
By submitting your contact information, you agree that we may contact you by telephone (including text) and email in accordance with our Terms and Privacy Policy

Your message has been sent
Thank you for your message, we will get back to you soon.
Categories:
-
PLG is the best! Highly recommend. Love that they do so much to help the community.
-
Jasmine , did a great job . Highly recommend!!!!!
-
I tried a few previous law firms and none would take my car accident case with confidence they could get my anything. Phillips law group took my case and although it took around 4 years to get this case settled as I was in treatment, they never let up with insurance adjusters and they got me as much money as possible. They worked hard for me and advocated for me. Shoutout to key individuals who worked my case nonstop of the years, Robert Ross & Jasmine, you are AMAZING!
-
Jeffrey Phillips is truly a brilliant attorney and businessman. I would not hesitate for a moment to contact him if I needed a personal injury attorney in Arizona, you would be fortunate to have him and his team. If you have a car accident, slip and fall in a store, or get punched in the face, call Phillips.
-
I just wanted to thank Phillips law Group and Vanessa Rodriguez for all the help that she did for my daughter’s case. She was involved in her first accident and she needed the help to deal with these adjusters. Thank you again.
-
-
Great company and awesome service. Thanks Caroline fabos. Kudos to all.
-
Many companies talk about teamwork but few practice it. Many companies talk about an employee friendly environment but few actually provide it. At Phillips Law Group the foundation of our success is making sure we work as a team and that we work in an environment that allows everyone to thrive and be at their best every day. Our firm understands that in order for the client to have a great experience the people responsible for that client’s case must be given all the necessary tools and encouragement to make that happen. That’s the Phillips Way. As a manager of this firm in charge of several employees as well as directly affecting the client’s experience I take tremendous pride in saying we live by these premises and we work hard to build on them and make them better every day. This is an amazing place because it has amazing people working here!
-
Phillips is the best!! Love all that they do to give back to the community and how much they help those who are experiencing homelessness. ❤️
-
Jon Jamieson was amazing to work with . He came through with all of his promises.