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The lender initiated foreclosure proceedings on these properties because the owner(s) were in default on their loan obligations. Pre-foreclosures also include properties for which a foreclosure auction is scheduled. These properties are not found on a multiple listing service (MLS).

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The number of foreclosures on Pima County homeowners in the first quarter of 2014 was at the lowest level since the recession began. records from the Pima County Recorder’s Office show 740.

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When prices climbed, those buyers could sell and move closer in or buy bigger homes. The housing crash busted that model as most of the outlying suburbs were hit the hardest by foreclosures. A decade.

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Metro Phoenix foreclosures dipped during January. Last month, lenders took back 337 Valley houses, according to The Information Market of the Arizona Regional Multiple Listing Service. That compares.

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