"Lenders signaled their intention in March to foreclose on more than 10,000 Valley homes and other properties, the highest single-month total on record.
The 10,635 notices of trustee sale issued through March 30 represent a 25 percent increase from February and a 100 percent increase over March 2008, according to Mesa real-estate-research firm Ion Data.
Data for March 31 was not yet available. A notice of trustee sale informs borrowers who have not made a mortgage payment for at least 90 days that the house, office, apartment building, patch of land or other property will be put up for sale unless they catch up on their payments in the next 90 days."
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Valley pre-foreclosure notices set record in March
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