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

5 matches found

$120,000
330 S BECK Avenue, 211, Tempe, AZ 85281
View Photos (5)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 838
Year Built: 1981
Subdivision: LAKE POINT VILLAGE CONDOMINIUMS
Description: 2 bed 2 bath condo in the Heart of Tempe! Close to all that Tempe has to of...
Last Updated: February - 20 - 2018
$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: December - 29 - 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: December - 13 - 2017
$289,000
525 W LAKESIDE Drive, 138, Tempe, AZ 85281
View Photos (26)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 2
# of Bathrooms: 2.5
Square Footage: 1544
Year Built: 2006
Garage Spaces: 2
Subdivision: 525 Town Lake Condominium
Description: ONE OF TEMPE'S MOST COVETED GATED DESTINATIONS. NEAR DOWNTOWN TEMPE, LIGHT ...
Last Updated: February - 06 - 2018
$591,000
1023 E BUENA VISTA Drive, Tempe, AZ 85284
View Photos (23)
Open House (02/21/2018 - 11:00 am)
# of Bedrooms: 6
# of Bathrooms: 4.5
Square Footage: 4459
Year Built: 1973
Subdivision: Buena Vista Ranchos
Description: This spacious Tempe home features 5 bedrooms + bonus room that can be used ...
Last Updated: February - 19 - 2018

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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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