Foreclosures in SW AZ

For Sellers 

FORECLOSURE in Arizona

Foreclosure can occur when the borrower stops making the monthly payments on his/her deed of trust/mortgage. After a few missed payments the notice of sale is recorded with the County Registrar's Office with the date and time of Trustee's Sale Auction. This type of foreclosure is called non-judicial and it is common in Arizona. There is more to it. Feel free to contact me with any questions you might have regarding foreclosure.

SHORT SALE in Arizona

Short Sale can occur when the owner can no longer stay in the house due to the hardship like lost of job, illness, etc and needs to sell the house. If the owner owes more on the property than the current market value of the house, he/she can ask his/her lender for approval of short sale. This is a general description. There are a lot more details to know about this process. I went thru the short sale training and my company, created a complete package to help with the quicker response from the lender. Please feel free to contact me for no obligation consultation.

Also, please seek legal and tax counseling for possible legal and tax implications with the short sale selling or foreclosure process. 

For Buyers 

REO

Simply it is Real Estate Owned or Bank/Lender Owned.

If you are buyer who is interested in purchasing a foreclosed property or a short sale, which could be a great deal, you should be working with the knowledgeable real estate professional like me, who can guide you thru the short sale or the foreclosed property/REO purchase process.