In July, Arizona was ranked third behind Nevada and California for most foreclosures. In Arizona, 1 in 135 houses received foreclosure filings and scheduled auctions rose by 25%.

A large contributor to the spike in foreclosures is the national unemployment rate, now up to 9.4%.  Many people finding themselves in the face of foreclosure are also turning to bankruptcy to help them throught their financial difficulties.

If you are considering bankruptcy, contact the Arizona bankruptcy lawyers of the Harmon  Law Office, LLC at 480-829-0494.