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Latest Flagstaff Foreclosures & Nearby Area Foreclosures

8775 Arroyo Trail, Flagstaff image
8775 Arroyo Trail, Flagstaff $457,500

Rarely do you find a home of this size and caliber for less than $500K in East Flagstaff. This home was built for the former owner and has many custom touches. The home i...

  • 4 Beds
  • 4 Baths
  • 176219 MLS
63 Thunderbird Avenue, Page image
63 Thunderbird Avenue, Page $89,900

What a chance to add your personal touches to this mobile home with lots of remodeling already completed. The home has been modified fromthe original single wide mobile s...

  • 2 Beds
  • 1.5 Baths
  • 176062 MLS
2642 W Roberts Road, Williams image
2642 W Roberts Road, Williams $140,000

Bank owned property on 4.47 heavily treed pinon and juniper acres here in Ash Fork. 2006 Schult 4 Bedroom 3 Bath Manufactured home. Great property for full time residence...

  • 4 Beds
  • 3 Baths
  • 175884 MLS
6922 N Pinon Harvest Boulevard, Williams image
6922 N Pinon Harvest Boulevard, Williams $159,900 ▼

Fresh, clean and nicely re-furbished. Here's a ready to move into home on 1.01 acres just close enough to Willaims AZ and just far enough to feel real country flavor. Thi...

  • 3 Beds
  • 2 Baths
  • 175750 MLS
3674 Richard Kern, Flagstaff image
3674 Richard Kern, Flagstaff $509,900 ▼

Amazing opportunity to own in one of Flagstaff's most prestigious communities, Forest Highlands. 5 bedroom 4 bath home on .78 acres of heavily treed Ponderosa Pines. This...

  • 5 Beds
  • 4 Baths
  • 175627 MLS

What is a Foreclosure Home? 

A foreclosure home is any house, condo or manufactured home whose original owner defaulted on his mortgage; resulting in his lender repossessing the home. The lender then reserves the right to sell the foreclosed home to another buyer. Savvy homebuyers can sometimes purchase foreclosed homes from the bank at a discount

Flagstaff Real Estate: Foreclosure Marketing

Not all foreclosure homes make it onto the open market. Before a bank markets foreclosure properties through a real estate agency, it attempts to sell foreclosed homes at auction. A bank may ask any price for a home, but often banks will price a foreclosed property at the amount the former homeowner owed on her defaulted mortgage. If no one at the auction bids an acceptable amount for the home, the bank will retain ownership of the property and place it on the open market.

Types of Foreclosures

 If the original homeowner obtained a conventional mortgage on the property, the bank is responsible for repossessing and marketing the foreclosure home. If, however, the original homeowners' loan was government-insured, such as an FHA or VA loan, the government department that insured the loan is responsible for marketing the property. Government foreclosures sometimes carry special incentives for buyers. For example, the Veteran’s Today Foreign Affairs Journal states that you don't have to be a veteran to qualify for vendee financing on VA foreclosures from the Department of Veterans Affairs.

Have you defaulted on your mortgage payments? 

       12 Frequently Asked Foreclosure Questions 

Benefits of Buying Foreclosures 

Lenders have an interest in recouping their losses but don't want foreclosed homes to sit on the market or in their accounting ledgers. Because of this, interested buyers can sometimes purchase foreclosure homes for less than fair market value. Doing so gives the homebuyer instant equity and helps him realize a greater profit should he choose to sell the home in the future. FHA has reduced waiting time after short sales and foreclosure. Are you qualified? Click on this link to view the new FHA guidelines.

Buying a foreclosure home? Make sure you qualify! Here's: How to Improve your Credit Score & Fix Your Credit Issues 

 

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"Is this another of "those" information-free reviews? Five stars for everything - again? Why read it? Well, of course five stars for everything - ... more "
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"My wife and I just bought a home in the Flaggstaff area and we live over 3 hours away. Kelly and her team where so helpful the whole step of the way, ... more "
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"I live over 3 hours away and Kelly helped me close a deal on a condo for my daughter to live in while she goes to school. She made herself available ... more "
5.0/5.0
by amaryllis86426

About Flagstaff

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Flagstaff North West City

  • 100 - Linwood Homes
  • 105 - Cheshire/Peak View Homes
  • 112 - Coyote Spring Homes
  • 121 - Rockridge
  • 125 - Coconino Estates Homes
  • 130 - NoHo
  • 135 - Switzer Mesa Homes
  • 140 - Pinecrest/Cherry Hill
  • 145 - Flagstaff Townsite Homes
  • 155 - University Meadows Homes
  • 160 - Southside/Brannen Homes
  • 170 - Boulder Pointe Homes
  • 172 - Woodlands Area Homes
  • 180 - Railroad Springs Homes
  • 181 - West Village Est Homes
  • 185 - Presidio Homes

Flagstaff South West City

  • 200 - Equestrian Estates
  • 220 - Pine Canyon
  • 222 - Pine Knoll
  • 224 - Pinnacle Pines
  • 230 - Foxwood
  • 250 - Ponderosa Trails
  • 255 - University Heights

Flagstaff South East City

  • 300 - West of Continental
  • 305 - Sinagua Heights
  • 312 - Forest Springs
  • 315 - Foxglenn
  • 325 - Elk Run
  • 332 - Timberline Place Condos
  • 335 - Continental Country Club
  • 340 - Lakeside Acres
  • 345 - Amberwood
  • 347 - Tanglewood

Flagstaff North East City

  • 400 - Sunnyside
  • 415 - Skyline Estates
  • 420 - Swiss Manor
  • 425 - Upper Greenlaw
  • 430 - Lower Greenlaw
  • 440 - Christmas Tree

Flagstaff East Rural

  • 510 - Hutchison Acres
  • 515 - Timberline Area Pocket
  • 525 - Fernwood
  • 527 - Black Bill Park
  • 530 - Brandis Map 33
  • 533 - Doney Park West
  • 535 - Doney Park East
  • 555 - Slayton Ranch
  • 560 - Forest Tract
  • 565 - Townsend Winona
  • 580 - Mountain Vw Ranchos
  • 585 - Cosnino Road
  • 590 - Leupp/Winona Area
  • 595 - Hutton/Slayton

Flagstaff North West Rural

  • 600 - Elden Lookout Rd
  • 620 - Fort Valley/Baderville
  • 625 - Hart Prairie
  • 640 - Lockett Ranches

Flagstaff South Rural

  • 715 - Mormon Lake
  • 720 - Kachina
  • 730 - Mountainaire
  • 745 - Forest Highlands

Flagstaff West Rural

  • 800 - Flagstaff Ranch
  • 805 - Westwood

Other

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  • 830 - Bellemont
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Prescott AZ Homes for Sale

Sedona AZ Homes for Sale

  • 42 - West Sedona

Williams AZ Homes for Sale

  • 912 - Woods/Garland Prairie

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eXp Realty - Northern Arizona
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