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Foreclosure in Arizona : Real Estate Advice

  • All491
  • Local Info27
  • Home Buying282
  • Home Selling36
  • Market Conditions11

Activity 701
Wed Apr 26, 2017
Isabelle answered:
Sun Apr 23, 2017
Karen Peyton answered:
Once the auction is completed it will be up to the "then" owner of the property to pursue eviction - according to Arizona law assuming the zip code provided is correct and you are in Yuma. You will receive notices from the new owner (demand for possession) and your refusal to leave the premises (if you refuse) will cause court complaint and notice of eviction. Worse coming to worse will be the constable or sheriff at your door. On the other hand, the new owner could want you to stay a while and may offer a lease or month-to-month tenancy. With so many variables there is no specific timeline, but please don't let things get out of hand and become ugly. And of course as will all legal matters, don't hesitate to contact an attorney for advice.

Also, since I don't know if your question is one of a far-gone conclusion or a consideration for making another decision...why haven't your pursued a short sale?? Contact your mortgage company and a local agent to explore this possibility.

Wishing you "all the best" during this stressful time.

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Tue Apr 11, 2017
Debbieperalta76 asked:
Tue Apr 11, 2017
Ty24674 answered:
New horizons mitigation services in NJ. -highly recommend !
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Sun Mar 12, 2017
Scott Godzyk answered:
It is best to go to their office, to have a pamphlet of service you offer, copy of insurance and offer free estimates. That is the best way to get you in. When called, reply fast and provide good service. Calls to agents may not work as i know i get bombarded and never hire anyone based on a sales call. ... more
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Sat Mar 11, 2017
Karen Peyton answered:
No one here is going to know the answer. You'll have to figure out the name of the company based upon the information you should already have...perhaps from/in your original loan documents.
If you can't see an attorney for guidance.
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Mon Mar 6, 2017
Patrick Dennis Crawford asked:
Thu Feb 16, 2017
Bernard G. answered:
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Sat Dec 24, 2016
Scott Godzyk answered:
It is rare an auction is canceled once a date is set. Often the short sale dept and foreclosure dept are not working together but separate. You need to make sure you have a short sale negotiator who is right on top of it to pull it off.It can be done if they are good ... more
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Fri Dec 16, 2016
Greg Madden answered:
Foreclosure was listed at $29k originally, and was reduced $1k per month to $26k. Property had significant issues. Bid $10k, as-is, no conditions except a structural inspection. Bank countered with $26k. Did a detailed inspection, documented condition, and submitted to bank countering with $10k again. Bank accepted offer. Closed a week later. So it can be done, just do your due diligence. ... more
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Sun Nov 27, 2016
Karen Peyton answered:
If you know the place has been empty and Wells is telling you it has not been foreclosed, suffice it to say you're likely both right! One thing has no bearing upon the other. The owner could be dropping a payment now and then, or Wells will simply get around to the foreclosure when they "feel" like it...maybe years from now. There's no rhyme or reason with regard to the "when" in the foreclosure process.

If you will buy, don't wait for it. Foreclosures don't have deep discounts anymore...forget "deep" discounts...they have no discounts when brought to market, and prices are more easily negotiated on a non-distressed property with a reasonable Seller.

Good luck!
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Tue Nov 22, 2016
All Prop Investments answered:
I have good news. We help investors like yourself. The places you mentioned have a lot of competition. we can help you find exclusive deals for the best price. Foreclosures and sheriff sales can be foundin public records. ... more
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Sat Nov 19, 2016
Karen Peyton answered:
Yep. The "Documents" tab is not available on Trulia or any other 3rd party (advertising) syndication website. The information is only available through an agent who can access it on MLS. Some documents can be forwarded to consumers along with the actual property listing while others cannot.

If you are not working with an agent and would like assistance, contact me through Trulia or my website.

Good luck and "Happy Thanksgiving!"
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Thu Nov 10, 2016
Karen Peyton answered:
If you know the name of the property owner (former owner) you can visit the Maricopa County Recorder and Elections Department:
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Thu Oct 27, 2016
Karen Peyton answered:
No, no, NO!!! Paying the bill will NOT automatically make you the owner. Your friend received a Notice of Trustee's Sale because SHE is the owner and has all rights of ownership. Consult an attorney if you wish you to obtain ownership or an equitable interest in the property which your friend must agree to give. An attorney can also help ensure repayment of your funds by promissory note and deed of trust she you decide you simply want your money back.

Yes, the days are dwindling and the knee-jerk reaction is to step in and help. You should. But you need a plan to "keep the business as business" so you can maintain your friendship.

Again, you need an attorney. There is much more to the story than I have written.

Good luck to both of you!!
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Thu Sep 1, 2016
Mike Ragains asked:
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