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How to buy Short Sales, Pre Foreclosures, and Bank Owned Homes in Phoenix
Short Sales and Pre Foreclosures are usually listed on the open market with a real estate agent to get top dollar for the owner. Here is how you can find them. Go to HomeProgram101.com Foreclosure Search
There are 2 different kinds of phoenix foreclosures you can purchase here:
- Pre-Foreclosures – These are foreclosure homes with auction date scheduled by the bank. These homes are looking to sell and close before the scheduled date. If a pre-foreclosure does not enough equity it is listed as a Short Sale.
- Bank Owned Foreclosures – These are home that didn’t sell before their foreclosure date. If a home goes to the auction and nobody purchases it there, the bank then takes ownership of the home. Banks are not in the business of owning real estate so they usually hire a real estate agent to sell the home on the open the open market.
If you find a home that you like, you can schedule a showing or ask a question about it directly through the website. Here is how you can buy Short Sales, Pre Foreclosures, and Bank Owned Homes in Phoenix.