Report: Buckeye has most foreclosures in state
BUCKEYE, Ariz. -- Buckeye had among the most foreclosure filings in the nation last year, according to a new report by RealtyTrac.
Out of 100 ZIP codes with the most foreclosures around the nation, 15 were in Arizona -- Phoenix, Laveen, Peoria, Chandler, Goodyear, Maricopa, Surprise, Glendale, Queen Creek, Tolleson and Mesa.
But Realtor and foreclosure expert Art Welch says that's changed over the last six months.
"On a typical month, it used to be you'd have 3,000 to 4,000 homes in Buckeye that were in foreclosure," he said.
Today there are fewer than 500.
In Buckeye, Welch says the average home was $200,000 underwater.
In neighborhoods that were built and sold at the peak of the bubble, foreclosure signs were everywhere.
"They didn't last very long. A lot of people would come in and kind of scoop them up," said Julio Casillas who lives in the 85326 ZIP code, which was named by RealtyTrac as one of the worst neighborhoods for foreclosures.
Casillas bought a home in the Buckeye ZIP code in 2006 and was forced to short sale. Now he's back in the neighborhood as a renter and hoping to buy soon.
As for Welch, he sold eight homes just last weekend.
With most of them going to investors, who will eventually rent the homes out.
Snowbirds and retirees are also buying, along with those who want to sell their current home for cash and downsize.
Welch says he believes Buckeye and most other ZIP codes that made it onto the "most foreclosure filings" list will drop off by the end of the year.
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Aeon Realty- Extending its Empire to Kundli
It is the basic human tendency that Success is never enough. One who lives in a 2-rooms house strives to get a 3-room house. Similarly, a business venture that has a grip on a state strives to grip the whole country, beginning from the neighboring zones. What if one single step could suffice for both? Yes, one move has given a reason to people and a venture to progress hand-in-hand.
Aeon Realty is a real estate consulting firm in Gurgaon, and holds the honor of featuring in the list of the fastest growing ones. It has helping the people with sale, purchase, renting and leasing of their real estates, and doing it well. Several successful projects, and hundreds of happy families later, Aeon Realty has expanded its horizon to Kundli too. Yes, it now deals with Real estates in Kundli.
If we move about 25 km from Delhi into Haryana, in the peripherals, there is a district named Sonepat. Kundli is a significant fragment of Sonepat, which shares its border with Delhi, Uttar Pradesh, Rohtak, Jind and Panipat. The river Yamuna flows along the eastern boundary of the district. This physical positioning has lifted the market value of Real estates in Kundli in the last few years since the Real estate domain has seen a boom.
Aeon Realty holds the reputation of bringing the best deals for its patronage. Thus, it keeps a tab on the other factors that make a direct rise in the market value of the Real estates which are in its coverage. Kundli has been one such place. Aeon Realty has estimated a skyrocketed growth in the worth of a space in Sonipat with the completion of the 136 km long KMP (Kundli-Manesar-Palwal)-Expressway.
Kundli holds some other advantages that make it a better contender to the most of its adjacent areas.