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Government Foreclosures. Foreclosed Homes, Properties & Real Estate Auctions
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There are no shortages of bank foreclosed homes in Phoenix right now. Accordingly to RealtyTrac, there are currently 11,962 trustee foreclosure auction sales in the Phoenix area. There are also 23 online auctions scheduled. There are 9,377 REO’s (bank owned) properties and 51 government owned foreclosure properties. You should be able to find a foreclosure… Read More »
When borrowers with FHA loans default and their lenders foreclose, FHA pays the lenders and transfers ownership of the foreclosed homes back to HUD. HUD then offers them for sale to anyone who plans on residing in the property as their primary residence. You can secure cheap deals on HUD homes because they are sold… Read More »
