More than 1,000 home owners who lost their homes to foreclosure in the Phoenix 
metro area may be eligible to recoup thousands of dollars in cash due to rising home prices. Many foreclosures are selling for more because of the general uptick in home prices, and some are even fetching more than what the original borrowers owed on their mortgages.
metro area may be eligible to recoup thousands of dollars in cash due to rising home prices. Many foreclosures are selling for more because of the general uptick in home prices, and some are even fetching more than what the original borrowers owed on their mortgages. Typically in a foreclosure sale, the amount owed to the lender gets paid from the proceeds first. Then the remaining money goes to the county’s treasury office, where it remains for three years. Another Sign Foreclosure Crisis Is Evaporating?
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