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Home foreclosure auction in Phoenix,Az?
HI, everyone, does anyone know the procedures to buy a foreclosed home in a auction in Phoenix,Az, and is there a place online , where i can get information on where and when these auctions will take place, im talking about auctions, where even the big banks bid on. Thanks.
Public Comments
- Contact the county and ask. Foreclosure auctions are usually conducted at the county courthouse, on a certain date and time. They should be able to provide schedules for properties coming up for foreclosure auction. Sometimes, the county will use a foreclosure sales agency to handle the auctions. You can get their contact information from the county and contact them for the auction information Usually, a foreclosure auction requires that bidders have the cash on hand to make the purchase in full on the day of the auction before even allowing you to bid. Also, the one-day auction for the property goes to the highest bidder. But, the bank will usually send a representative to bid on the property to raise the price high enough that the bank gets its money back, or the bank itself is the highest bidder. In this case, they take over ownership of the property and put it on the open market as a foreclosure sale.
- Hello, There are some websites offering list of foreclosure auction. There you can find details about the auctions like price and photos. I tried some of them. Some offer more details than other. You can try one of these: http://www.foreclosurerepos.com/listings/AZ/MARICOPA/PHOENIX.html http://www.foreclosure1.com/lview.php?state_sigla=AZ&county_name=MARICOPA&city_name=PHOENIX http://www.bankforeclosurelistings.org/listings/ARIZONA/MARICOPA/PHOENIX.html
