ForeclosureDeals offers a solid database of Phoenix bank owned foreclosure homes and Phoenix government foreclosed homes for sale from federal agencies such as: HUD, VA, FHA, Freddie Mac, Fannie Mae, USDA. These Phoenix repossessed homes can be found in a number of ways, such as pre foreclosures, short sales, foreclosure auctions, flipping homes, bankruptcies and home foreclosures for sale in Phoenix, AZ. Our up-to-date real estate foreclosure listings in Phoenix offers cheap distressed properties for buying & investing, in a great variety of properties like commercial & residential, multi & single family homes, lands, condos and apartment foreclosures in Phoenix area.
Phoenix is the home of a Major League Baseball team, a stunning Botanical Garden, The Apache Trail and the Rawhide Western Town and Steakhouse. That's just a few of the reasons why Phoenix is such an amazing place to consider when seeking cheap real estate. Investing in a city with attractions like the Mineral and Mining Museum and horseback riding makes the job of looking for an investment opportunity via foreclosures for sale more like a vacation. Boasting a balanced mix of apartments, condos, commercial buildings and multi-family homes, Phoenix is a wonderful place for family fun, entertainment for adults and so much more. Take advantage of these opportunities and start searching for foreclosed homes for sale in Phoenix, AZ now!
Real estate opportunities in the United States - including traditional homes as well as foreclosure properties - abound, creating enormous upside potential for homebuyers and real estate investors from all over.
Much of this potential lies in cities in the Sun Belt - the wide swath of land in the south running from Florida all the way to California. These are some of the fastest-growing cities in the country, and because of this growth, many people are flocking to these areas for employment and housing.
One such city, Phoenix, Arizona, is a perfect example. Phoenix is the sixth-largest city in the U.S. and is home to a metro area of roughly 4.2 million people. As a telecommunications, tourism, sports, and cultural capital of the American Southwest, Phoenix is also a major attraction in the region and one that will keep people coming for years to come.
Choosing the right areas of investment in a city means taking many factors into consideration. These factors include:
Based off of these and other factors, some of the best areas in the Phoenix metropolitan area include Chandler, Gilbert, Mesa, Tempe, and Queen Creek. Located to the south of Phoenix, Chandler has a wealth of employment opportunities in the tech and telecommunications industry, along with a vibrant shopping environment. Gilbert was once voted as the 36th best place to live in the nation and the 24th safest place to live in the country. Mesa has a vibrant cultural scene, including several arts centers, museums, and recreational sites.
Tempe is a fast-growing city with plenty of recreational amenities as well as a sound economy based off the tech industry, as well as a popular shopping and entertainment district called Mill Avenue. Finally, Queen Creek is a small town with a lot of charm located on the outskirts of the Phoenix metro area.
The median asking price in Phoenix usually hovers around $187,500. This price ranges from the 25th percentile price of $109,500 to the 75th percentile price of $359,000. The median housing price has fallen in much of Phoenix by at least 10%, with the largest decreases of 20% or more coming in Tempe and Phoenix proper. The value per square foot in the greater Phoenix area is $66, which has fallen by 7%.
Arizona uses both a judicial and non-judicial foreclosure process. The specific process used depends on whether the title involves a Power of Sale clause. If it does not, then the case has to proceed through the courts. If it does, then the lender itself can initiate foreclosure proceedings.
In the non-judicial process, the trustee files the Notice of Trustee Sale (NOS). Notices of Default are not required by state law. There is then a 90-day waiting period between this filing and the foreclosure sale. This is not a redemption period, meaning the homeowner can make the loan current until the sale occurs. At the time of the sale, the home then reverts to control of the winning bidder, or the lender itself if no one successfully bids.