Tempe Foreclosure Search

Find All Foreclosures in Tempe AZ

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Foreclosure Market Conditions

bank owned REO and short sale for  foreclosures in Tempe AZWhat exactly is a foreclosure? The term foreclosure has been associated with bank owned homes, short sales, pre-foreclosures, and auctions. We at Metro Phoenix Homes generally like to use the term “foreclosure-type” properties to encompass the entire group. Types of foreclosures in Tempe AZ:

  • Bank owned homes, also known as REO’s ( real estate owned)
    These properties have been repossessed by the mortgage company (bank) and are available for resale. For a mortgage company (bank) to repossess a home the owner must be 180 days delinquent on their payments. On day 90 the homeowner would receive a Notice of Default (NOD) and a sale date. If there are no postponements of any kind the property would be sold at public auction, known as the Trustee’s Sale in Arizona, at or near the 180th day. All such properties can be sold as foreclosures in Tempe AZ
  • for sale signs on foreclosures in Tempe AZ that affect market conditionsShort Sales
    A sale that cannot take place without the approval of the mortgage lender or bank. The reason: the property sale won’t produce enough profit to pay off the mortgage note. Therefore, the mortgage holder must take a “short” payoff, hence the term short sale. More on should I consider a short sale?
  • Pre-Foreclosure
    A general term used when a property owner stops making payments and is facing default. This could be a short sale or any sale in which the homeowner is in the default stage (as mentioned above). Properties of owners who can’t find a way to stop the process loose their homes as foreclosures in Tempe AZ
  • Auction Home
    Different from the trustee’s sale mentioned above. Bids can be placed on a public website. Homes can be bank owned or short sales. Mortgage companies or banks use the MLS to attract attention to the bids and drive up the purchase price.

Tempe Bank Homes (REO's), Short Sales, Auctions

16 matches found

$106,950
1402 E GUADALUPE Road, 213, Tempe, AZ 85283
View Photos (1)
Status: Pending
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1065
Year Built: 1986
Subdivision: LA TIERRA CONDOMINIUMS
Description: 2 bd/2 ba Condo in move in condition. 2nd floor unit with partial pool view...
Last Updated: October - 11 - 2017
$109,900
2686 E SILK OAK Drive, Tempe, AZ 85281
View Photos (9)Virtual Tours (1)
# of Bedrooms: 1
# of Bathrooms: 1.5
Square Footage: 979
Year Built: 1973
Subdivision: OAKS
Description: Great location of this 1 bedroom 1.5 bath condo minutes from ASU, MCC shopp...
Last Updated: October - 24 - 2017
$110,000
2509 S PALM Drive, Tempe, AZ 85282
View Photos (17)
Status: Pending
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1824
Year Built: 1962
Subdivision: BROADMOR ESTATES ADD 2 & TR A
Description: GREAT INVESTMENT OPPORTUNITY IN TEMPE! SINGLE LEVEL HOME WITHIN BIKING DIST...
Last Updated: September - 13 - 2017
$149,000
600 W GROVE Parkway, 1176, Tempe, AZ 85283
View Photos (12)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1236
Year Built: 1996
Garage Spaces: 2
Subdivision: SIGNATURE PLACE CONDOMINIUM
Description: Luxurious, gated community of Signature Place in Tempe. 2 Bedroom, 2 Bath,...
Last Updated: November - 16 - 2017
$158,500
1222 W BASELINE Road, 171, Tempe, AZ 85283
View Photos (13)
Status: Pending
# of Bedrooms: 2
# of Bathrooms: 2.5
Square Footage: 1119
Year Built: 1986
Garage Spaces: 1
Subdivision: SPRINGDALE CONDOMINIUMS REPLAT AMD
Description: Investment opportunity with immediate income potential. Tenant is on month ...
Last Updated: November - 20 - 2017
$179,000
1927 E DUKE Drive, Tempe, AZ 85283
View Photos (15)
Status: Pending
# of Bedrooms: 3
# of Bathrooms: 2.5
Square Footage: 1750
Year Built: 1975
Subdivision: KNOELL VILLE MONACO
Description: GREAT SHORT SALE OPPORTUNITY/ REMODELED KITCHEN HAS RAISED PANELED DOORS, G...
Last Updated: September - 28 - 2017
$190,000
617 W MAGDALENA Drive, Tempe, AZ 85283
View Photos (10)
Status: Pending
# of Bedrooms: 4
# of Bathrooms: 1.75
Square Footage: 1408
Year Built: 1979
Subdivision: PEPPERWOOD UNIT 4 LOT 194-258 & TR A
Description: This is a short sale. It is a well kept home. Very cozy and in a nice area...
Last Updated: November - 20 - 2017
$194,900
3241 S EDWARD Drive, Tempe, AZ 85282
View Photos (4)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1256
Year Built: 1969
Subdivision: PETERSON PARK PLAT 3B
Description: SELLERS NEED TO SELL NOW!!!! HOME LOCATED IN PRIME TEMPE AREA!JUST MINUTES ...
Last Updated: November - 15 - 2017
$204,000
2402 E 5TH Street, 1740, Tempe, AZ 85281
View Photos (27)
Status: Pending
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1105
Year Built: 2007
Garage Spaces: 1
Subdivision: VILLAGIO AT TEMPE CONDOMINIUM AMD
Description: This GEM of a CONDO in the famed VILLAGIO is IMMACULATE & MOVE-IN READY! It...
Last Updated: June - 15 - 2017
$247,500
945 E HARRY Street, Tempe, AZ 85281
View Photos (23)
# of Bedrooms: 4
# of Bathrooms: 2
Square Footage: 1177
Year Built: 1951
Subdivision: NORTH TEMPE
Description: Charming home in North Tempe near ASU, Tempe Town Lake, Shopping, Night lif...
Last Updated: October - 20 - 2017

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Let’s Talk About Foreclosures in Tempe AZ

Here is the average proportion of property listings found in the MLS:

Number of Bedrooms %
1 bedroom homes  3.2%
2 bedroom homes  17.3%
3 bedroom homes  37.5%
4 bedroom homes  29.5%
5 bedroom homes  10.3%
6+ bedroom homes  2.2%

Authority page for Foreclosures in Tempe AZ

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