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

13 matches found

$158,500
1222 W BASELINE Road, 171, Tempe, AZ 85283
View Photos (13)
# of Bedrooms: 2
# of Bathrooms: 2.5
Square Footage: 1119
Year Built: 1986
Subdivision: SPRINGDALE CONDOMINIUMS REPLAT AMD
Description: Investment opportunity with immediate income potential. Tenant is on month ...
Last Updated: June - 13 - 2017
$164,000
2254 W FREMONT Drive, Tempe, AZ 85282
View Photos (18)
Status: UCB (Under Contract-Backups)
# 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: July - 20 - 2017
$184,500
1111 W UNIVERSITY Drive, 2013, Tempe, AZ 85281
View Photos (23)
Status: Pending
# of Bedrooms: 1
# of Bathrooms: 1
Square Footage: 896
Year Built: 2005
Subdivision: VALE CONDOMINIUMS
Description: Great Tempe location with quick access to Tempe Town Lake, ASU, Downtown Te...
Last Updated: July - 19 - 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: July - 11 - 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
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
$255,000
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: July - 20 - 2017
$259,900
5233 S COLLEGE Avenue, Tempe, AZ 85283
View Photos (42)
# of Bedrooms: 4
# of Bathrooms: 2
Square Footage: 1525
Year Built: 1975
Subdivision: UNIVERSITY ROYAL
Last Updated: July - 24 - 2017
$285,000
525 W LAKESIDE Drive, 138, Tempe, AZ 85281
View Photos (26)
# of Bedrooms: 2
# of Bathrooms: 2.5
Square Footage: 1544
Year Built: 2006
Subdivision: 525 Town Lake Condominium
Description: ONE OF TEMPE'S MOST COVETED GATED DESTINATIONS. NEAR DOWNTOWN TEMPE, LIGHT ...
Last Updated: June - 28 - 2017
$288,000
140 E RIO SALADO Parkway, 211, Tempe, AZ 85281
View Photos (19)Virtual Tours (1)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 1
# of Bathrooms: 1.5
Square Footage: 1168
Year Built: 2008
Subdivision: BRIDGEVIEW AT HAYDEN FERRY LAKESIDE
Description: Oh my gosh, you will be excited to come home to this exquisitely well done ...
Last Updated: June - 12 - 2017
$303,000
1424 E NORTHSHORE Drive, Tempe, AZ 85283
View Photos (55)
Status: UCB (Under Contract-Backups)
# of Bedrooms: 6
# of Bathrooms: 2.75
Square Footage: 2895
Year Built: 1972
Subdivision: LAKES TRACT E
Description: Large 5 bed, 3 bath property now for sale in Tempe! This 2 story home boast...
Last Updated: May - 10 - 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