Foreclosure Home in Phoenix for Sale

Property Description:

This property is a Notice of Foreclosure Sale. A notice was filed at the recorder's office by the lender's attorney signifying a public auction. This 1760 square foot property has 0 bedroom(s) and 2 bath(s). The estimated bid amount is $6,700.00. This property will be auctioned at public sale on Wednesday, September 30, 2009. To access more extensive information on this property click the 'more property detail' link below. You will need to register for full access. Information listed with each property including estimated loan balance is derived from sources deemed accurate but we do not guarantee the accuracy of such information. Please consult all relevant title documents prior to purchase.

Definition :

Auction (Notice of Trustee Sale or Notice of Foreclosure Sale)
If the loan is not reinstated by the end of the pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to pay in cash at the auction and may not have much time to research the title and condition of the property beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of dealing directly with the borrower/owner.