Recent data from Homes.com highlights that foreclosure filings across the U.S. are increasing — though still remain well below pre-pandemic levels. The report noted that in October alone there were 36,766 new foreclosure filings, up 3 % from the previous month and 19 % year-over-year. Homes.com
Here’s what that means if you’re a homeowner in Arizona — especially if you’re feeling pressure from higher bills, tighter budgets, or uncertain employment:
1. Increased Risk Doesn’t Mean “Guaranteed” Foreclosure
The rise in filings is being driven by households whose incomes are squeezed by inflation, rising debt, and cost-of-living pressures. But the overall level of foreclosures remains much lower than what we saw in the housing crisis of 2007-08.
If you’re feeling financial stress — you’re not alone. But it also means there is time and opportunity to act before things escalate.
2. Why Arizona Homeowners Should Pay Attention
While the national data shows increases, much of the risk is localized — states and counties with higher cost-burdened homeowners are seeing stronger increases.
In Arizona’s market (and especially in the Phoenix/Mesa/Chandler region you serve) a few key things matter:
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If you’ve recently upsized, taken on a larger mortgage, or moved during the pandemic, you may be more exposed. The national data suggests that some foreclosures are tied to buyers who bought the “right house for pandemic needs” but not necessarily the right house for long-term finances. Homes.com
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Fixed-income homeowners or retirees may be more vulnerable because the margin for error is smaller.
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Even if you’ve been keeping up with payments so far, rising debt levels and tighter budgets mean the “safety cushion” is thinner than it used to be.
3. What You Can Do Right Now
If you’re experiencing any of these signals, it’s time to act:
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You’re making payments, but you’re just scraping by.
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Your household income has dropped, or extra expenses have popped up (repairs, health issues, job change).
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You feel “locked in” to a mortgage that’s higher than you anticipated.
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You’re thinking about moving soon, but you’re worried the market or your equity position may be tricky.
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You have questions about whether to sell now, refinance, or restructure.
As a veteran, first-time buyer specialist, and someone deeply rooted in Arizona’s residential market, I’m here to help you navigate your options before things escalate. Whether you’re in Mesa, Chandler, Florence, San Tan Valley or surrounding areas — you don’t have to figure it out alone.
4. How a Confidential Consultation Can Help
Here’s what we’ll cover together (at no obligation):
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A review of your current mortgage, payment history, and equity position
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A snapshot of local market conditions in your ZIP code (today’s values + trending)
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A map of possible paths: short-term relief, refinancing opportunities, moving options, or holding strategy
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A custom game plan based on your timeline, risk tolerance, and goals
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An open, supportive conversation — no pressure, just options
5. Why Now Is Better than Later
Because while foreclosures are relatively low compared to pre-COVID levels, the trend is upward and that means risk is increasing. If you wait until payments are late, or you’re already in the “at-risk” zone, your options may narrow, and your leverage may drop.
Let’s get ahead of the stress, not react when it’s too late.
If you’re feeling uncertain about your mortgage, your budget, or your home’s future — let’s talk. I offer confidential consultations tailored for homeowners in the Arizona market.
Reach out today by calling 623-207-7146 or emailing ayanna@allstarhomeadvisors.com.
Let’s review your situation together and build a plan you can feel confident about.
Because real estate shouldn’t feel scary — it should feel strategic, smart and even a little fun (yes, I meant to say fun).
Let’s get you moving toward clarity, not panic.