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Prescott, Prescott Valley, Chino Valley
& Dewey-Humboldt, Arizona
Foreclosed Homes & Land
Important Notice: Well priced properties are beginning to move very quickly, and often with multiple offers. Time is of the Essence! If you find a property that interests you, call us right away for a showing. Well prepared buyers will be pre-approved for a loan or cash buyers with proof of such. Call us at 928-237-4450 or send us an email here.
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PRESCOTT FORECLOSED PROPERTIES
Note: Our search categories also include Short Sale properties. |
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Search by Price:
- Under $100,000
- $100,000 to $125,000
- $125,000 to $150,000
- $150,000 to $175,000
- $175,000 to $200,000
- $200,000 to $250,000
- $250,000 to $300,000
- $300,000 to $500,000
- Over $500,000
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FORECLOSURE (Definition from Wikipedia): The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs. more ...
SHORT SALE (Definition from Wikipedia): A short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. more ...
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