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The Walk Away

December 8, 2009 by admin Leave a Comment

University of Arizona College of Law Professor Brent T. White has stirred quite a bit of controversy over his recent article in the Arizona Legal Studies entitled "Underwater and Not Walking Away: Shame, Fear and the Social Management of the Housing Crisis." His basic thesis is that despite the increasing number of homeowners walking … [Read more…]

Arizona Foreclosure Rates

January 19, 2009 by admin Leave a Comment

RealtyTrac just released its 2008 U.S. Foreclosure Market Report, which reported that there were a total of 3,157,806 foreclosure filings (default notices, auction sale notices, and bank repossessions) on 2,330,483 properties during 2008. That was an 81 percent increase over 2007 and a 225 percent increase over 2006. To get a feel for the breadth … [Read more…]