Phoenix led the county with (20,528) NTS, followed by Mesa, 5,755; Glendale, 4,213; Scottsdale, 3,598; and Gilbert, 3,522. While 90% of NTS were single family homes, 5.0% were condominiums and 2% were commercial properties.
The 5 California cities hardest hit by Notices of Default in 2010 are Los Angeles 9,010; Long Beach, 2,334; Palm Dale, 2,119; Lancaster, 2,077; and Whittier, 1,094.
Maricopa County Notice of Trustee Sales filings fell 13% in August, adding fuel to the belief that the battered Phoenix-area housing market is showing signs of stabilization.
Los Angeles County Notices of Default rose sharply in August to their highest level since September 2009. The numbers - a leading indicator of the health of the Los Angeles housing market - show that 5,323 homeowners were placed on notice by their lenders that their mortgage payments were late.
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