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Phoenix Business Journal - by Adam Kress
Home foreclosures in the Phoenix and Tucson markets increased by 158 percent last year, but the trend began to ease off in the fourth quarter, according to Default Research.
The number of homes involved in foreclosure proceedings in Maricopa County jumped from 22,426 in 2007 to 60,860 in 2008. Pima County saw an increase from 3,117 to 5,095 last year.
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