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VISIT US ONLINE @ DSNEWS.COM Court documents explain Stacy's scheme involved others who agreed not to bid against one another at public foreclosure auctions. After a bidder at the public auction bought a property, a secret, second auction would be held where participants would bid an amount above the public auction price they were willing to pay. The highest bidder at the secret, non-public auction would then win the property. Stacy was also charged with conspiring to use the U.S. mail system to carry out his scheme. To date, three individuals and one company have pleaded guilty in the ongoing investigation into fraud and bid rigging in southern Alabama. Arizona Arizona rank: 26 90+ Day Foreclosure Unemployment Delinquency Rate RateRate march 2012 2.94%3.00% 8.6% year ago 4.44%4.09% 9.6% percent point change -33.8%-26.6% -10.4% Top County PINAL COUNTY 90+ Day Delinquency Rate year ago 7.51%6.68% percent point change PHOENIX-MESA-SCOTTSDALE, AZ 90+ Day Foreclosure Delinquency Rate Rate march 2012 3.18%3.20% year ago 5.08%4.73% 1.27%0.99% 7.0% percent point change year ago -37.5%-32.3% 1.29%1.17% 7.6% Top County note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the March 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. MATANUSKA-SUSITNA BOROUGH 90+ Day Foreclosure Delinquency Rate Rate march 2012 1.71%1.41% year ago 1.80%1.62% percent point change -4.7%-12.7% Top Core-Based Statistical Area FAIRBANKS, AK 90+ Day Delinquency Rate Foreclosure Rate march 2012 1.70%1.20% year ago We know your HOT buttons. 1.34%1.78% percent point change 27.0%-32.7% note: The 90+ Day delinquecy rate is the percentage of outstanding mortgage loans that are 90plus days delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the March 2012 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary March 2012 figures released by the Bureau of Labor Statistics. All other data courtesy of Lender Processing Services. ARIZONA: Yavapai, Coconino, Gila County KNOW THIS CoreLogic says at 0.8%, Alaska's foreclosure rate in March tied with North Dakota for the secondlowest in the nation. IN THE NEWS -20.6%-17.0% 90+ Day Foreclosure Unemployment Delinquency Rate RateRate march 2012 -1.0%-16.1%-7.9% MEMBER 5.96%5.55% rank: 50 percent point change Phoenix One Realty ABR, GRI, SRES, CLSS, e-Pro, RECS Call 602.882.0603 Foreclosure Rate march 2012 Top Core-Based Statistical Area Alaska Roberta Chatfield-Gonzalez MEMBER Holly Grigaitis Designated Broker 928.284.9367 reo@optionsaz.com verdevalleyrealestate.com Phoenix Finds Its Way Out of the Downturn: A Model for Recovery The Arizona capital of Phoenix was one of the hardest-hit markets by the housing crisis, with foreclosure filings soaring and home values plunging nearly 60 percent from 2006 through mid-2011 . As recently as June 2011, Phoenix held the second highest metro foreclosure rate in the country, behind only Las Vegas, according to RealtyTrac. By the end of 2011, it had dropped to No. 6, and by March 2012, it had slipped to No. 9. Adam Artunian, senior research analyst with John Burns Real Estate Consulting (JBREC), says it wasn't too long ago that Phoenix was considered ground zero of the housing market's collapse. "Phoenix has orchestrated a dramatic turnaround in recent months and has considerably outpaced other distressed markets such as Las Vegas, Riverside-San Bernardino, and Sacramento," noted Artunian. So what's going on in the Valley of the Sun that's so different from the rest of the country? What market forces are strong enough to lift the nation's sixth most populous city from the depths of the downturn? Analysts and local real estate professionals alike attribute the market's turnaround to investors who are snapping up properties to fix and flip or fix and rent. While Phoenix has always been an attractive investment market, Artunian says investors have literally flooded the area since the downturn and now make up close to 45 percent of all buyers. 81