According to RealtyTrac foreclosure filings — which include default notices on homes, auction sale notices and bank repossessed homes— were reported on 274,399 homes during the month of January 2009, a 10% decrease from the previous month but still up 18% from January 2008. Remember that when this inventory of Arizona Bank Owned Homes disappates, property values will begin to stabilize. Consult with RealVision Phoenix Investment Property Group Consultant today.