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5640 E Bell Rd #1097 Scottsdale, AZ 85254 (Paradise Valley)


  • 2 bed,
  • 2 full bath,
  • 1,197 sqft
  • Unspecified
Unknown

Property Details for 5640 E Bell Rd #1097


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Description provided by Trulia
5640 E Bell Rd #1097 This property is located at 5640 East Bell Road #1097, Scottsdale AZ. 5640 E Bell Rd #1097 is in the Paradise Valley neighborhood in Scottsdale, AZ and in ZIP Code 85254. 5640 E Bell Rd #1097 has 2 beds, 2 baths, approximately 1,197 square feet, and was built in 1985 View our Foreclosure Guides
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Foreclosure Types

  • Pre-Foreclosure (Notice of Default or Lis Pendens):

    Pre-foreclosure (NOD or LIS) is the first stage in the foreclosure process that begins when a homeowner receives a default notice for missing one or more mortgage payments. Owners in default can stop the foreclosure process by paying the past-due payments or by paying off the entire loan balance — usually by refinancing or by selling the property. They can also avoid foreclosure by selling before the auction — this may have to be a short sale if the homeowner owes more than the property is worth. Homeowners in pre-foreclosure are usually motivated sellers who want to avoid losing their property at a public foreclosure auction.


    Read more about Pre-Foreclosures »
  • Auction (Notice of Trustee Sale or Notice of Foreclosure Sale):

    A public foreclosure auction (NTS, NFS) occurs when a homeowner in default does not stop foreclosure proceedings during the pre-foreclosure period. Properties are typically auctioned off in a public location — such as a local county courthouse — by an attorney or local public official. Auctions can present opportunities to buy properties below market value, but usually don't allow for property inspections and often require that buyers pay in cash — typically in the form of cashiers checks. Up until the auction occurs, however, buyers may still have an opportunity to buy directly from the homeowner in default via short sale or regular sale.


    Read more about Foreclosure Auctions »
  • Bank Owned (REO):

    A property becomes a full-fledged foreclosure — sometimes referred to as a Real Estate Owned (REO) property — when it is repossessed by the foreclosing lender. The lender can take possession either through a deed-in-lieu-of foreclosure agreement with the owner during the pre-foreclosure period or through a winning bid at the public foreclosure auction. Foreclosing lenders are often motivated to sell these properties quickly because they are non-performing assets for their bottom line. Of the three stages of foreclosure, REOs are most likely to also be listed for sale with a real estate agent on the MLS, but not all REOs are listed yet — meaning buyers may have to contact the lender or servicer directly to make an offer.


    Read more about Bank Owned Foreclosures »
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Minimize Messy Evictions
Eviction of former owners or tenants is the buyer's responsibility. Even if you've conducted thorough research on a foreclosure property and successfully placed the winning bid at the public auction, it doesn't necessarily mean you can move into the property...

By RealtyTrac | 54 Comments


Checklist to buy properties in pre-foreclosure
Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. It is during this time that an investor can typically make the largest profits and can negotiate a deal that may be favorable for all parties...

By RealtyTrac | 37 Comments


Foreclosure definitions and terms
Learn more about common definitions and terms used throughout the foreclosure process by mortgage lenders, investors, and real estate professionals. Notice of Default (NOD): The initial document (non-judicial) filed by a trustee that starts the foreclosure...

By RealtyTrac | 53 Comments


View all foreclosure guides »

Neighborhood Info


$1,099,500
4 br / 2 ba
Single-Family Home
OPEN HOUSE Sun Oct 16, 2pm to 4pm

Estimates around 5640 E Bell Rd #1097


$1,099,500
4 br / 2 ba
Single-Family Home
OPEN HOUSE Sun Oct 16, 2pm to 4pm
  • Home Estimates for 5640 E Bell Rd #1097

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