Distressed Title Transfers Decrease for Individual Family Properties in Maricopa County, Arizona

A distressed title transfer is a change in real property ownership.  Most distressed ownership changes are either by short sale or through foreclosure auctions.  At the foreclosure auction either the lender takes back the property or sells it to a third party (investor) at the auction.
In 2011, 62,156 single family properties in Maricopa County changed ownership as a distressed property.
These 62,156 distressed title transfers were eight percent less than the 67,208 transfers in 2010, but two percent higher than the 60,682 transfers in 2009.
Some changes from 2009 to 2011 are lenders are taking back less properties through foreclosure auctions, while selling more properties at foreclosure auctions to third parties or investors and approving more short sales.
In 2009 out of the 60,682 distressed title transfers lenders took back 40,797 properties and another 20,065 were either a short sale or sold to a third party / investor at auction.
In 2010 out of the 67,208 distressed title transfers lenders took back 38,718 properties and another 28,490 were either a short sale or sold to a third party / investor at auction.
In 2011 out of the 62,156 distressed title transfers lenders took back 27,522 properties and another 34,634 were either a short sale or sold to a third party / investor at auction.

The large quantity of single family distressed title transfers, especially short sales has powered the single family rental industry.

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