Notice of Trustee Sale filings were down 27.9 percent in April 2011

Notice of Trustee Sale filings were down 27.9 percent in April 2011 from the prior month, falling to the lowest point we've seen since we began tracking Arizona in August 2009, and down 415 percent from the same time last year. There was a similar dip in foreclosure sales, with a 22.2 percent drop in sales Back to Bank and a 15.4 percent decline in Sales to 3rd Parties month-over-month. Cancellations rose 18.8 percent month-over-month, which together with the drop in filings led to 10.6 percent fewer properties Scheduled for Sale.