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

$103,500
4901 S CALLE LOS CERROS Drive, 179, Tempe, AZ 85282
View Photos (15)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 2
# of Bathrooms: 1
Square Footage: 849
Year Built: 1984
Subdivision: CASA LOS CERROS
Description: Well-maintained townhouse in Prime Tempe location. See attachment for PAS r...
Last Updated: January - 05 - 2017
$125,000
908 E BENDIX Drive, Tempe, AZ 85283
View Photos (16)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 2
# of Bathrooms: 1.5
Square Footage: 1020
Year Built: 1983
Subdivision: PARK PREMIERE SOUTH TOWNHOUSES
Description: This is a SHORT SALE; Highly desirable South Tempe townhouse; 2 bedrooms wi...
Last Updated: December - 16 - 2016
$140,000
850 S River Drive, 1041, Tempe, AZ 85281
View Photos (17)
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1128
Year Built: 1985
Subdivision: QUESTA VIDA
Last Updated: January - 11 - 2017
$143,000
850 S RIVER Drive, 2044, Tempe, AZ 85281
View Photos (7)
Status: Pending
# of Bedrooms: 2
# of Bathrooms: 2
Square Footage: 1130
Year Built: 1985
Subdivision: QUESTA VIDA
Description: SHORT SALE....Two Master Bedrooms with their own bathrooms and walk in clos...
Last Updated: December - 01 - 2016
$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: January - 13 - 2017
$155,900
1025 W CORNELL Drive, Tempe, AZ 85283
View Photos (13)
# of Bedrooms: 2
# of Bathrooms: 1
Square Footage: 910
Year Built: 1980
Subdivision: WOOD PARK VILLAGE LOT 1-314 & TR A-C
Description: AWESOME TEMPE OPPORTUNITY * PRICED TO SELL NOW * 2 BEDROOM 1 BATH * UPDATED...
Last Updated: January - 18 - 2017
$190,000
Front of home
View Photos (23)
# of Bedrooms: 3
# of Bathrooms: 1.75
Square Footage: 1267
Year Built: 1973
Subdivision: UNIVERSITY ROYAL
Description: Great opportunity for someone looking to build sweat equity or investor. C...
Last Updated: January - 06 - 2017
$190,000
617 W MAGDALENA Drive, Tempe, AZ 85283
View Photos (10)
# 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: January - 17 - 2017
$199,900
202 E HUNTINGTON Drive, Tempe, AZ 85282
View Photos (27)
# of Bedrooms: 3
# of Bathrooms: 2
Square Footage: 1496
Year Built: 1960
Subdivision: NU-VISTA 4 LOTS 196-258
Description: Great Value! Prime, rare ASU location in midtown Tempe. This vintage home ...
Last Updated: January - 16 - 2017
$210,000
5120 S DORSEY Lane, Tempe, AZ 85282
View Photos (9)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 4
# of Bathrooms: 3.5
Square Footage: 2360
Year Built: 1971
Subdivision: TEMPE GARDENS 9 LOT 1094-1228
Description: MULTIPLE OFFER RECEIVED PRE FORCLOSURE INVESTORS WANTED!!! HOME IS NEED...
Last Updated: December - 20 - 2016

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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