Chandler Foreclosed Homes and Houses for Sale

Chandler foreclosed properties for sale currently number a huge total of 1,784. Their median listed price is a relatively low $222,700. Chandler is located in Maricopa County, Arizona State, in the US. It is an important suburb of the Phoenix MSA {Metropolitan Statistical Area}. Chandler is immediately adjoined by Tempe along its north and west, by Mesa to its north, by Phoenix towards its west, by the Gila River Indian Reservation along its south, and by Gilbert towards its east. Besides, the other suburban cities and towns of Chandler include: Avondale, Glendale, Apache Junction, El Mirage, Goodyear, Litchfield Park, Peoria, Scottsdale, Surprise, Tolleson, Carefree, Buckeye, Cave Creek, Gila Bend, Fountain Hills, Guadalpe, Paradise Valley, Youngtown, Wickenburg and Queen Creek.

Government Foreclosures Surge Continues Unabated

Chandler foreclosure filings have been on the rise, in line with the national trend. The Q2 2008 or second quarter real estate market analysis yields the disturbing result that government foreclosures have continued to increase all over the US. Indeed, the number of foreclosure filings in Q2 2008 was 14 percent higher than the Q1 figure, and an acute 121 percent more than Q1 of 2007. Nevada was the worst affected state, with one in every 43 households receiving a foreclosure filing during Q2 2008. During this period, California and Arvada were two other states to be drastically affected, with one in every 65 households and one in every 70 households in them respectively succumbing to the government foreclosures demon.

As per the Forbes magazine, the top five markets for buying a foreclosed home are: Charlotte, NC, Raleigh, NC, Nashville, TN, Oklahoma City, OK and San Antonio, TX. The five runners-up in serial order are: Albuquerque, NM, Knoxville, TN, Seattle, WA, Indianapolis, IN and Washington-Arlington-Alexandria.

Information & Ally for Investments

Chandler foreclosure auctions can be primarily learnt about from the newspapers. The auctioneers are legally required to inform the citizens about the imminent real estate listings auctions by the issue of advertisements in the newspapers at least three times before they are to be held. The first advertisement is to be printed at least 20 days prior to the proposed auction date. This should be adequate time for you, as a prospective homebuyer, to get your act together. You need find all material details about the house, and conduct a few visits to the site to check for any repairs later required. The newspapers also function to inform astute investors about possible pre-foreclosure deals by enabling them to pursue the notices of default sent to homeowners defaulting on their mortgage payments by the lending authorities.

Chandler real estate market is dominated by several leading property brokers, including Connie Rathke, Rudy Serrano, Dorel Cioara and David Mac Intyre. You can hire the professional services of an agent without needing to pay him a penny, because the agent usually receives compensation from the sellers. An agent can prove a helpful ally in your search for an ideal home. Check the agent’s official certification before trusting him with your fortunes. The real estate segment mandates keen insights and practical planning. First-timers at the real estate listings auctions, in particular, should guard against the risk of imprudent investments by duly consulting a veteran broker before investing any money in a home.

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