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Arizona State Profile
Arizona continued to rely heavily on the cyclical construction sector for job growth. Arizona maintained its ranking as the second fastest growing state in the nation as employment gains accelerated to 5.3 percent in fourth quarter 2005...
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Finding Opportunity in the Arizona Real Estate Market: Pre-Foreclosures
For the real estate investor, the notice of default (NOD) or "pre-foreclosure" stage exemplifies an investment opportunity. A pre-foreclosure takes place from the period the bank gives notice of default (NOD) to the period the house is sold at a foreclosure auction.
Depending upon state law governing real estate, the time period usually is 90 days into mortgage loan default. Within this default notice time window, the investor can take action. The main key to pre-foreclosure investing is equity - the remainder between what a house will sell for and what is owed on the house. Pre-foreclosures furnish an chance to purchase a house for less than fair market value (FMV), making prompt equity...
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Your Arizona Pre-foreclosure Resource site.
Finding Quality Pre-foreclosure Listings
Since most pre-foreclosure listing sites offer a free trial period, take advantage to determine if the quality of data and services meet your needs. Try a number of pre-foreclosure listings sites and evaluate which offers the best most current listings. Pre-foreclosure listings are public information and generally available at the local recorder's office.
Although both will provide you with information on available house, the difference between the two is of significant importance. Like with any product, an extensive search for and comparison for available pre-foreclosure list will give you the best price and value for money.
| Trial? | Updated? | Rating | Link |
| 7 days | Daily/Weekly | ***** | RealtyStore.com |
| 1 Week | Weekly | **** | Bargin.com |
| 1 Week | Weekly | **** | RealtyTrac.com |
| 7 days | Weekly | *** | Foreclosurenet.net |
| 3 days | Monthly | *** | Foreclosure.com |
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Arizona Foreclosure Law
- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: Yes
- Primary Security Instruments: Deed of Trust, Mortgage
- Timeline: Typically 90 days
- Right of Redemption: None
- Deficiency Judgments Allowed: Varies