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Cheap foreclosed homes are available in Surprise, Arizona, based on data prepared by Jay Butler, an associate professor of real estate at the Arizona State University W.P. Carey School of Business.

A handbook on repo houses for sale prevention would greatly help distressed homeowners who want to save their properties from foreclosure but are discouraged by red tape, confusing paperwork and conflicting answers from lenders.

Arizona received about $121 million federal funds under the Neighborhood Stabilization Program (NSP) in April. And the largest share of the funds went to the city of Phoenix which received about $39.4 million.

A little good news for troubled homeowners in Arizona. The Arizona Department of Housing has opened its hotlines to all homeowners facing or concerned with housing problems. The project, called the Arizona Foreclosure Helpline, will provide residents with free consultation services.