The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (214219)	8/5/2009 2:52:10 PM
From: patron_anejo_por_favor	Read Replies (3) of 306849

Here's a great reason for SPG to be up another 2.5%: azcentral.com Commercial foreclosures rocket Valley is 'at the tip of the iceberg' for notices, expert says 16 commentsby J. Craig Anderson - Aug. 5, 2009 12:00 AM The Arizona Republic More than 2,000 commercial properties in Maricopa County have received 90-day foreclosure notices since Jan. 1, representing $6.3 billion in real-estate loans on which the borrowers have failed to make payments. That number is staggering when placed in contrast with the average commercial foreclosure rate over the past decade, which has been practically zero. The problem, sparked by property-value declines and a paucity of refinancing options, has produced a steady flow of distressed commercial properties onto the market, with a heavy emphasis on small and midsize office and retail centers.

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