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Foreclosure halt offers hope to AZ homeowners (access required)

The moratorium on foreclosures on homes belonging to families like the DeVolls could have a roller-coaster effect on the Arizona housing market, where in September alone 17,117 homes — one in every 159 residential properties — were either scheduled for foreclosure or went through one, placing the state as second in the nation in the foreclosure rate.

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BofA halts foreclosures in 50 states

A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.

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Clifton Mineral Hot Springs

Clifton is situated in a deep canyon formed by the San Francisco River. The town is synonymous in Arizona vocabulary with its twin neighbor Morenci and the rich copper deposits responsible for the existence of both.

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Arizona firm banks on farm troughs for commercializing algae

Arizona, with its sunny, warm climate has been hailed as the ideal region for algae biomass production. Proponents hope that algae, which can contain up to 60 percent oil, can some day squeeze out a petroleum substitute that could be produced at a price low enough to compete with natural gas.

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