Foreclosure in Arizona>Question Details

Ryan, Both Buyer and Seller in Arizona

I am walking away form my home and wanted to know how long I have until the bank locks the doors?

Asked by Ryan, Arizona Tue May 27, 2008

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HI Ryan ,

Have you considered a Loan Modification or a Deed in Lieu of Foreclosure. If not call me I can help you with both.

708-526-1803 Diana the "Short Sale Princess"
0 votes Thank Flag Link Thu Jul 8, 2010
You have 90 days before the property is sold on the courthouse steps from the date the trustee files.
If you need help I know of someone who invests. He does not buy bank owned homes or short sales so you would need to contact him right away. He looks at the comps in the area and how much you owe, and then he takes that all into consideration. He works fast and normally reviews properties within 72 hours.

A. Ruiz
0 votes Thank Flag Link Thu Jul 3, 2008
Avoid Foreclosure at all costs if possible! It ruins your credit really bad. I suggest you short sale if you have no equity. Contact me if you would like me to help you out, I BUY HOUSES! You don't have anything to lose by trying to to prevent the foreclosure!

Best Wishes,
Will Robles
0 votes Thank Flag Link Sun Jun 1, 2008
Your credit will be jeopardized for 5 years, I believe they just increased it from 4 years. You may want to consider a short sale.
0 votes Thank Flag Link Thu May 29, 2008
Once the Notice of Trustee sale is filed downtown (not on your door) you have 90 days before the auction. When posted on the door you can remove it immediatly. What happens after the sale typically depends on if it goes back to the bank or to a third party buyer. A bank will usually be a bit slower to get you out than a 3rd party investor. Either way, once they show up you will have an opportunity to move out but I would suggest that you have everything packed and ready to go since they dont give you much time. Sometimes they will offer you money to leave peacable and in swept condition. Email me if you'd like more info - There may be a way I can buy your home before the auction or help you otherwise.
0 votes Thank Flag Link Tue May 27, 2008
Jonathan's answer is correct.
0 votes Thank Flag Link Tue May 27, 2008
Don Tepper, Real Estate Pro in Fairfax, VA
Hi, Ryan ... you'll want to talk to a real estate attorney to see what your options are. Basic timeline is you have 90 days from the time you receive the Notice of Trustee's Sale taped to your front door. If you don't have that notice yet, there's no set timeframe.

If you haven't spoken to the lender yet about possible loan modification and/or other options, you may want to do so. The foreclosure is going to have a pretty significant impact on your credit for some time to come.
0 votes Thank Flag Link Tue May 27, 2008
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