Tempe Foreclosure Search

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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

21 matches found

$93,600
6836 S JENTILLY Lane, Tempe, AZ 85283
View Photos (2)
Status: Pending
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1035
Year Built: 1979
Subdivision: VILLAS TEMPE
Description: Highest & best due 4/5 by 5:00. To CORRECTLY SUBMIT an offer. READ through ...
Last Updated: April - 17 - 2017
$100,000
Private porch in front of the unit
View Photos (4)
Status: Pending
# of Bedrooms: 2
# of Bathrooms: 1.75
Square Footage: 858
Year Built: 1973
Subdivision: Bradley Manor Unit 1 Cond
Description: Pre-approved short sale. Two-bedroom, 2-bath townhome with 2 covered parkin...
Last Updated: April - 12 - 2017
$121,900
1822 E Center Lane, B, Tempe, AZ 85281
View Photos (37)
Status: Pending
# of Bedrooms: 2
# of Bathrooms: 1
Square Footage: 910
Year Built: 1973
Subdivision: Casitas Tempe
Description: Excellent Tempe location, easy access to ASU and 202 Freeway, Tempe Marketp...
Last Updated: April - 04 - 2017
$135,000
850 S River Drive, 1041, Tempe, AZ 85281
View Photos (17)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1128
Year Built: 1985
Subdivision: QUESTA VIDA
Description: Tile flows through home. Two over-sized master suites w/their own full bath...
Last Updated: April - 18 - 2017
$147,600
5612 S CLAMBAKE BAY Court, C, Tempe, AZ 85283
View Photos (39)
Status: Pending
# of Bedrooms: 2
# of Bathrooms: 2.5
Square Footage: 1242
Year Built: 1971
Subdivision: LAKE PARK VILLAS AKA THE LAKES
Description: Price Reduced! THE LAKES COMMUNITY IN TEMPE! Great location in the communit...
Last Updated: April - 18 - 2017
$156,500
1019 S GEORGE Drive, Tempe, AZ 85281
View Photos (16)
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1429
Year Built: 1987
Subdivision: VICTORY TRACT
Description: Lots of potential on a great location near Loop 101. Located in close proxi...
Last Updated: April - 12 - 2017
$164,000
2254 W FREMONT Drive, Tempe, AZ 85282
View Photos (18)
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1740
Year Built: 1974
Subdivision: KNOELL GARDEN VILLAS 1 AMD
Description: This is a great 3 bedroom townhome in an excellent location with very quick...
Last Updated: April - 21 - 2017
$164,900
4011 S MILL Avenue, Tempe, AZ 85282
View Photos (29)
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1584
Year Built: 1964
Subdivision: TEMPE GARDENS TOWNHOUSE U
Description: This is a great 3 bedroom townhome that has Granite counter tops in the kit...
Last Updated: April - 18 - 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: April - 18 - 2017
$204,000
2402 E 5TH Street, 1740, Tempe, AZ 85281
View Photos (27)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1105
Year Built: 2007
Subdivision: VILLAGIO AT TEMPE CONDOMINIUM AMD
Description: This GEM of a CONDO in the famed VILLAGIO is IMMACULATE & MOVE-IN READY! It...
Last Updated: March - 06 - 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