Luxury Glendale AZ Home Reduced to $499,900 for Quick Sale
*REDUCED FOR QUICK SALE* EXECUTIVE SEMI-CUSTOM HOME IN GATED THUNDERBIRD RANCH. OVER 4000 SQFT WITH FOUR BEDROOMS,& AN OFFICE AND FOUR FULL BATHROOMS. BEAUTIFUL PROFESSIONALLY CUSTOM PAINTED FLOORS. NEW CARPET AND PAINT, CERAMIC TILE IN KITCHEN AND HIGH TRAFFIC AREAS. KITCHEN HAS CULTURED STONE COUNTER TOPS, JEN-AIR DISHWASHER, GAS TOP STOVE, OVEN, MICROWAVE, SIDE BY SIDE KITCHEN AID REFRIGERATOR, BREAKFAST BAR, PULL OUT DRAWS IN CABINETS, LARGE DINING IN KITCHEN,. FORMAL DINING AND LIVING ROOM, LG FAMILY ROOM HAS GAS FIRE PLACE. PLANTATION SHUTTERS T/O HOME. MASTER BEDROOM HAS GAS FIRE PLACE AND PRIVATE EXIT TO PATIO. LARGE MASTER BATHROOM HAS HIS AND HER CLOSETS, HIS AND HERS SINKS, JETTED TUB AND SEPERATE WALK-IN SHOWER. HUGE BACKYARD WITH POOL. LG RV GATE, CORNER LOT & THREE CAR GARAG
Search the entire phoenix metro area foreclosure properties for sale
WOW WHAT A BUY!!! HOME FEATURES OVER 1,200 SQFT, 3BR, 2BA, 2CG, DIVING POOL, BIG BACKYARD AND PATIO. BRING YOUR IMAGINATION. THIS PROPERTY IS SOLD ”AS-IS”. All cash offers are eligible for an expedited closing, pending clear title and/or hazard claim resolution, of approximately 15 business days. Property is sold AS-IS including any existing appliances, plumbing, heating and air conditioning and electrical systems.
Search the entire phoenix metro area foreclosure properties for sale
Great Buy On A Bank Owned Condo $22,900. Phoenix, AZ 85051
WHAT A BUY!!! THIS IS A 2BR/1BA CONDO ON THE GROUND LEVEL. NEAR METRO CENTER AND THE I17. GREAT & CLEAN COMPLEX OFFERS A SPARKLING POOL AND HEATED SPA AND ON-SITE LAUNDRY. NEEDS SOME WORK. HOA INCLUDES ONSITE MASTER CHILLER A/C, WATER, SEWER, GARBAGE, POOL AND AREA MAINTENANCE. All cash offers are eligible for an expedited closing, pending clear title and/or hazard claim resolution, of approximately 15 business days. Property is sold AS-IS including any existing appliances, plumbing, heating and air conditioning and electrical systems. BUYER TO VERIFY ALL LISTING DETAILS INCLUDING HOA.
Search the entire phoenix metro area foreclosure properties for sale
Several pieces of important Arizona legislation that would have slowed foreclosures and potentially aided in the recovery of the housing market died in the recent session.
But some key bills did survive, and the new laws will help.
• Senate Bill 1130 regulates the growing number of foreclosure consultants working with homeowners. This legislation makes it illegal for foreclosure consultants to collect upfront fees from homeowners.
Consultants must also disclose all fees through a signed contract, which a homeowner can cancel up to three days after signing. The bill gives homeowners the right to recover damages from foreclosure consultants and state and county prosecutors the ability to file criminal charges against any consultant or firm that breaks the new law.
Arizona Attorney General Terry Goddard, as well as other state housing advocates and regulators, have pushed for more licensing and regulation of foreclosure consultants due to scams that are costing homeowners their savings and home.
• House Bill 2242 helps protect senior homeowners from reverse-mortgage scams. The law requires a mortgage broker to provide the borrower with a list of housing counselors and an explanation of all fees and total repayment costs of the loan prior to closing.
• House Bill 2479 requires more identification from buyers of foreclosure properties. The law requires foreclosure documentation to contain a name and contact information of the person responsible for the property. This information will help cities contact someone to take care of vandalism and maintenance on foreclosures.
Home prices
Phoenix is one of 91 cities out of 152 to post an increase in home prices during the past year.
Results from the National Association of Realtors’ latest survey, released Tuesday, show existing-home prices climbed 9.1 percent in the Phoenix area for the year ended March 31.
Phoenix is one 91 cities out of 152 across the country to post an increase in home prices during the past year.
Results from the National Association of Realtors latest survey, released Today, show existing home prices climbed 9.1 percent in the Phoenix-area for the 12 months ended March 31st. The region’s median price climbed from $129,200 to $140,900
during the period.
“Buyer confidence is back, and home buyers have long-term views,” said National Realtor President Vicki Cox Golder, who is a Tucson real estate agent. “The typical buyer plans to stay in their home for 10 years, so we’ve put the flipping mentality behind us.”
She said more people are buying with plans to hold onto homes for 10 years or longer.
The shift in mindset among buyers, particularly in metro Phoenix, is key to the area’s housing market recovering.
Some other cities that experienced home price booms and crashes during the past six years didn’t fare as well as metro Phoenix. Home prices are down 15 percent in Orlando and 11.8 percent in Las Vegas.
Even more stable housing market are posting declines in home values. Chicago’s home prices dipped 5 percent during the 12 months tracked by the Realtor report. Albuquerque home prices are down 4.6 percent. and Seattle saw a 4 percent decline.
Losing your home: What Happens in a AZ Foreclosure
When a homeowner falls behind on at least three mortgage payments, a lender will usually initiate foreclosure proceedings.
In the first step, the lender hires a trustee to handle the foreclosure and ensure that the process follows Arizona laws.
In metropolitan Phoenix, a notice of trustee sale is filed with the Maricopa County Recorder’s Office. At that point an auction date is set, but the date can be moved or canceled by the lender de- pending on negotiations with the borrower.
The trustee is charged with providing the homeowner information on the pending trustee sale (foreclosure sale) of their home. If the homeowner files bankruptcy, the foreclosure sale is usually delayed.
If the foreclosure auction occurs as scheduled, an opening bid for the home is posted at least a day before the auction. Traditionally, opening bids requested by the lender were for the amount owed on the mortgage. But after the huge drop in Phoenix-area home prices, lenders are dropping their opening bids to far below what is owed on the home so they don’t have to take the house back, evict the homeowner and hire a real-estate agent to resell the home.
All Valley foreclosure auctions used to be held at the county courthouse. But as the number of foreclosures has climbed, auctions have expanded to the offices of lenders’ trustees.
Now, as many as five foreclosure auctions are held a day in metropolitan Phoenix. The main auction on the courthouse steps starts at noon. Auctions in the law offices begin at 9 a.m. Arizona statute requires bidders to bring a $10,000 cashier’s check to participate.
Trustees hire auctioneers to handle the bidding. Lenders don’t allow homeowners to bid on their own houses.
Due to the backlog of foreclosure homes and pending loan modifications, dozens of trustee sales are postponed every day. Homeowners are typically contacted by trustees about the postponement of the trustee sale on their property. But sometimes postponements are only listed on the Web site of the group the lender hires to sell its foreclosure homes or only announced by auctioneers right before the scheduled auction.
The winning buyer must pay the full amount of the bid by the end of the next business day. Unsuccessful bidders receive their $10,000 deposits back.
The home’s new owner can then begin evicting the former owners if they are still in the home. Someone who lost the home in a trustee sale has five days after being notified by the new owner before the forcible eviction process begins.
On the sixth day after the foreclosure auction, the new owner can file in local or county court for a forcible eviction. If the former homeowners want to fight the eviction, they can appear in court. But if they lose, the new owner can request the Maricopa County sheriff to send a constable to evict them.
Last year, the Maricopa County Sheriff’s Office handled 1,416 forcible evictions.
Phoenix MLS Home Listings. Search Free Phoenix MLS Homes for sale in: Phoenix, Westgate, Scottsdale, Paradise Valley, Cave Creek, Carefree, Sun City, Peoria, Glendale, Surprise, Buckeye, Avondale, Tempe, Chandler, and Mesa, Wickenburg Arizona
The Cutty Group can show you every Short Sale, Bank Owned, REO's and Foreclosure homes in the Phoenix metro area! These sell fast so contact us today!
Bette Zerba
GRI, CDPE, REALTOR
RE/MAXDesert Showcase
14155 N 83rd Ave
Peoria AZ 85381
602-791-1766
bettezerba@cox.net
Trisha Brooks,
GRI, CDPE, ABR, REALTOR
RE/MAXDesert Showcase
14155 N 83rd Ave
Ste. 120 Peoria AZ
602-618-3053
Luxury Glendale AZ Home Reduced to $499,900 for Quick Sale
Great Phoenix Bank Owned Home $27,400, AZ 85033
Several pieces of important Arizona legislation that would have slowed foreclosures and potentially aided in the recovery of the housing market died in the recent session.
Losing your home: What Happens in a AZ Foreclosure
