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Clocking In

Back on the foreclosure front

12/03/2008 10:54 AM
Josh Brodesky

Pima County Supervisor Ray Carroll has weighed in on the foreclosure front, saying he thinks the county needs to act as a “good broker” between troubled homeowners and lenders. He also says it’s time for the county to look at freezing foreclosure proceedings for 90 days to help workouts.

Carroll, who represents District 4, said he was shocked by the spike in foreclosures on his east side district. Foreclosures in District 4, which stretches from the foothills to the far east side and then down to Green Valley, are projected to hit 1,978 this year, according to the Southwest Fair Housing Council.

By comparison, there were 1,280 foreclosures in the district last year. So, that’s a projected increase of about 55 percent.

“We are concerned about the entire county,” Carroll said during a brief phone interview Tuesday. “The numbers don’t look good county-wide.”

The report also projects 8,590 foreclosures across the county by the end of the year, a sharp increase over last year.

Carroll said he just wanted to put forth some ideas about the foreclosure crisis for discussion. So far, though, he hasn’t gotten much response.

You can read a summary of the Southwest Fair Housing Council’s report here via the link below. Just scroll down to the middle of the page and click on the link titled American Nightmare.

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  1. I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

    Deborah

    http://termlifeinsurance2.com


    Deborah    12/15/2008 12:41 AM    #
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About 'Clocking In'

'Clocking In' is the joint blog of the Star’s Business news staff. We're punching out news tips, outtakes and other morsels for people with an appetite for local business, consumer and workplace news. Have some news of your own to share? Be sure to drop us a line using one of the e-mail addresses below.




'Clocking In' authors


Norma Coile
Business Editor
Phone: 573-4102
E-mail: ncoile@azstarnet.com


Josh Brodesky
Real estate reporter
Phone: 573-4178
E-mail: jbrodesky@azstarnet.com


Dale Quinn
Consumer issues and health-care industry reporter
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E-mail: dquinn@azstarnet.com


Dan Sorenson
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Tim Steller
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Enric Volante
Aerospace and technology
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David Wichner
Assistant business editor
Phone: 573-4181
E-mail: dwichner@azstarnet.com