Foreclosure Filings Drop in the Valley

A California group called PropertyRadar.com is tracking Arizona's housing market. According to its data, foreclosure filings in Tucson fell 43 percent in March from February's level. ForeclosureRadar filings include both notice-of-trustee sales and trustee sales. Sean O'Toole, chief executive of ForeclosureRadar, said the one thing clear about foreclosures now is that there's "no consensus on a viable solution (to help homeowners) other than to eliminate the excess mortgage debt that has left millions underwater and continues to hinder the broader economy."

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