Interested in purchasing a bank-owned foreclosure / REO property or pre-foreclosure / trustee sale in Arizona? Here are a few links I have come across in the past few months that can help.
 
Post is included in group: Arizona Luxury Homes
Post is included in group: Arizona Foreclosure Investors

16 Comments on Arizona REO & Foreclosure Properties

FEB
18
2008
346,267 Points Outside Blog
Thanks. These are helpful sites and information. It is difficult to find quick easy locations for this data.
11:48pm • #1
FEB
19
2008
419,983 Points 2 Featured Posts Localism Sponsor Outside Blog

Thanks for posting the links. I did check the Countrywide link for listings in the city where I reside. There were 4 listings, the contact name for each was a Realtor, and pricing posted appeared to be market or even above.

12:24am • #2
FEB
20
2008
4 Featured Posts
I specialize in foreclosures and REOs and work directly with buyers who are interested in purchasing foreclosures, distressed or REO properties.  Typically the bank/lender will list these properties with a licensed Realtor in the area of the property who then represents the bank/lender as the seller's agent.  The properties usually end up the MLS, but are often listed below current market value. There are also opportunities to purchase bulk REOs directly from the lenders. I strongly suggest that anyone interested in purchasing one or more of these properties work directly with a buyer's agent who is experienced in working with these types of properties.
3:41pm • #3
MAR
15
2008

Arizona Daily Star... Long Realty Company

www.azstarnet.com/business/227653

6:08pm • #4
JUN
14
2008

Have an Accredited Buyer's Representative with the "ABR" designation working for you! They will know the real value in the current market, trends, financing issues, etc..........If the agent you choose is

"contracted" by means of a Buyer-Broker Agrement, they will work harder for YOU and be committed to your success..................Questions????  email John R Lynch,PLC, Realtor  ABR, CRS,SRES,CLSS

jlynch@fineprop.com  or call  480-236-9470    look at http://www.johnrlynch.com for searches and additional information and values..

REO listings may or may not be "bargains"
4:32pm • #5
JUN
30
2008

Hi my name is joshua, I work closly with a group that deals directly with a bank and is looking for qualified buyers who can prove they have money.  Their protocol is very simple NCND, MFA, and a bank statement with the account number missing or scratched out.  After this is done then homeland security makes sure your funds are legitimate, following this the bank does their internal vesting then your buyer will directly get a phone call from the bank.  If this sounds like something you are interested in please feel free to e-mail me and we can set up a time to talk.  My e-mail is josh@nwlsusa.com .

Min. order 50million-max order depending on what is currently avialible, will change depending on inventory

If this protocal does not meet your personal needs as a buyer or a buyers mandate, please let me know I also work with a gentleman who can pull product from a compiler.

Joshua Loeb

J. loeb inc.

josh@nwlsusa.com

818-428-1059

8:56pm • #6
AUG
13
2008

Hello, the properties that are sold by foreclosure etc. aren't selling below market.  They're selling at market.  A "bargain" is relative to the buyer's particular wants, needs and skill sets.  What drove the home prices up was the infusion of capital into the mortgage market ie the subprime lending etc.  I use the analogy of seagulls flocking to a food source.  They seem to come out of the sky.  Well, I've seen this happen in the 1980's boom of oil prices and questionable lending practices, those of the late 80's Savings and Loans and now.  It was foreseeable. Now that well is shut down and the correction is the market being corrected for more traditional forces.  So, the lower prices represent the reduction in demand and the oversupply. As demand and supply correct prices will begin to rise again.

Foreclosures don't sell under market value
10:21pm • #7
AUG
16
2008

My wife and I own property at 2896 S. Prickly Point Dr. Gold Canyon, AZ.  It is located at the base of the Superstition Mountains on 1.25 acres.  It is currently listed on MLS with a Realtor for 799K and we owe aproximately 625K.  The Realtor will need to be paid.  We are NOT currently in a foreclosure state and do not wish to be.  Recent drastic changes in income will inevitably force a foreclosure.  The banks want us to go into forclosure before talking with us which makes no sense to us.  If you are looking to puchase a custom home under market value then email me at qctech6 at msn dot com.  We are looking to walk away clean with our sanity in tact.

Sincerey,

Don

Don
2:03pm • #8
OCT
03
2008

Josh,

Do you have any insite as to how, as a title company, we can get more business?

So many of these deals seem to go to a preferred title company.   Any ideas?

 

Thanks

6:36pm • #9
OCT
16
2008

I have a new website for scouring over Bank Owned Foreclosed homes. Integrated Google Map Search and very easy to use. www.BankOwnedAZHomes.com

 

Jamie Culbertson-Phoenician Properties Realty-Scottsdale, AZ-602-330-8966

9:27pm • #10
OCT
24
2008

Thanks for the websites...good resources!  I also like Jaime Culbertson's Website www.BankOwnedAZHomes.com!  A lot of great REO deals out there!  Check out www.KleverInvestor.com for non-MLS deals.

KleverInvestor.com Logo

9:19am • #11
OCT
27
2008

I like your post and do encourage people to get off the couch and start buying real estate.  I do almost all my business with investors and banks on REO properties.  Today is the time to buy and now is the time to act.  My company is one of the most respected appraisal companies in Arizona and we specialize in investments and Bank owned properties.  If there is anything you may need in the way of appraisal or just some advise on a property please feel free to ask,   also we offer a great discount for investors to get a "spot" appraisal to see what the property will appraise for before purchase.  All of our appraisers are trained in underwriter guidelines to make sure your appraisal is the best possible.   Hope everyone buys lots of property,  this is how we will get out of this mess and some people will make a lot of money doing it!!!

 

Jim

12:39am • #12
DEC
08

I have delt with homes accross the entire valley. I specialize in buyer agency and have done so for years. I have closed a large number of foreclosed and pre-foreclosed homes. I do have the experience and insite to be able to guide someone who is looking purchase a REO or bank owned property. Contact me at Travis@rgrteam.com and I will be more than happy to help explain the process.

11:28pm • #13
MAR
31

We specialize in cleaning & securing vacant properties. Carpentry, drywall,painting,plumbing,electrical etc.

Gene Cleaver Co.   Gene Cleaver 602-405-9532

 

 

Gene Cleaver. General Contractor on foreclosed homes
6:08pm • #14
APR
22

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Karen Walter

Home Mortgage

Karen Walter
2:24am • #15
SEP
19

I specialize in Short Sales and Reo's with 27 - 30 day turn times on all purchase's...Please contact me direct...I have been in the mortgage business for 8 years and was also a REO negotiator for Bank Of America...I know all the small details to make your loan go through flawlessly...As a lender we also are CDPE Certified... Thanks

Joseph Seidel

American Mortgage Specialists

16100 N Greenway Hayden Loop Suite 108

Scottsdale AZ 85260

480.315.3228 Direct

866.491.3280 Fax

Apply Online Today:

http://www.josephseidel.amsazlo.com/

 

Joseph Seidel
2:05pm • #16

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Joshua C. Miller

Tucson, AZ

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This blog is written by Josh Miller - a mortgage loan officer for , real estate investment financing and how it relates to the Tucson area.


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