Arizona

Hi, I would love to find a foreclosure or pre-foreclosure in the east valley. Preferably something under 175k in decent condition. Can anyone help? Thanks.

Edited: 06/26/2010 at 02:52AM

N/A N/A

5 posts
1 Award

Icon_minipost Oct 19 '05, 09:33 PM

Hey Lender,

Hello from an old Sun Devil! Wish I could help, but I've moved back to Long Island, where I specialize in foreclosure. Ever want to talk ASU or AZ in general...hit me up. Welcome. Miss the women out there... :cry:

-Ken

Edited: 06/26/2010 at 02:52AM

Casey Latto

Real Estate Agent · Phoenix, Arizona

11 posts
85 Influence
1 Award

Icon_minipost Dec 21 '09, 11:27 AM

Hey Lender,

I'm new to BP so I just now saw your post from two months ago... did you end up finding a foreclosure on the east side?

If not, I can help.
Casey

Edited: 06/26/2010 at 10:56AM

Justin S.

Rehabber · Chandler, Arizona

1162 posts
12272 Influence
14 Awards

Icon_minipost Dec 21 '09, 11:43 AM

Casey-

The posts were 2 months and 4 years ago. What foreclosures do you have available?

Edited: 06/26/2010 at 10:56AM

Justin S., Wheelhouse Properties
E-Mail: wheelhouseproperties@gmail.com
Telephone: 4806780446
Website: http://www.wheelhouseproperties.com
Realtor, Re-modeler, Cash Buyer

Nick J.

SFR Investor · Scottsdale, Arizona

2804 posts
27912 Influence
21 Awards

Icon_minipost Dec 21 '09, 11:54 AM

woot woot! Welcome Casey, nice to see another AZ face to join my BiggerPockets overtaking.

Edited: 06/26/2010 at 10:56AM

Casey Latto

Real Estate Agent · Phoenix, Arizona

11 posts
85 Influence
1 Award

Icon_minipost Dec 21 '09, 12:19 PM

Justin - There are usually between 1000-2000 properties for sale at the trustee sales daily. If you are interested in buying foreclosures, e-mail me

Nick - Thank you :) I'm an Arizona native so I'm happy to help with your overtaking!

Edited: 06/26/2010 at 10:56AM by Casey Latto

Nick J.

SFR Investor · Scottsdale, Arizona

2804 posts
27912 Influence
21 Awards

Icon_minipost Dec 21 '09, 12:22 PM

yep, real quick, you might wanna take out the email in your post body and put it in your signature. I'd hate for you to get dinged so soon.

Here's a link to the forum rules: http://www.biggerpockets.com/forumrules.html

this way, you don't get discouraged and leave us when a moderator sees you posted your email and gives you a virtual slap on the wrist :)

Edited: 06/26/2010 at 10:56AM

Casey Latto

Real Estate Agent · Phoenix, Arizona

11 posts
85 Influence
1 Award

Icon_minipost Dec 21 '09, 12:23 PM

You're my new best friend Nick

Edited: 06/26/2010 at 10:56AM

Justin S.

Rehabber · Chandler, Arizona

1162 posts
12272 Influence
14 Awards

Icon_minipost Dec 21 '09, 01:56 PM

Hey Casey-

I'm already bidding at auctions, but sent you a message. My alarm clock is already set to drive tomorrow morning.

Edited: 06/26/2010 at 10:56AM

Justin S., Wheelhouse Properties
E-Mail: wheelhouseproperties@gmail.com
Telephone: 4806780446
Website: http://www.wheelhouseproperties.com
Realtor, Re-modeler, Cash Buyer

Will Barnard

Rehabber · Santa Clarita, California

7238 posts
54461 Influence
23 Awards

Icon_minipost Dec 21 '09, 02:07 PM

Casey,

Welcome to BP Nation. ARe you able to get trustee sale bids at prices below what can be had on REO's and short sales?

It is my understanding that the AZ trustee sales have gotten so competitive that the best you can expect on a normal basis is 80% of value rather than 70% which is the key number.
Enlighten me because I am always interested in deals for AZ, NV, and CA

PS. Nick and Justin are great guys to work with and are local to you, so choosen them is a great start here on BP for alignment of your network.

Edited: 06/26/2010 at 10:56AM

Will Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com

Casey Latto

Real Estate Agent · Phoenix, Arizona

11 posts
85 Influence
1 Award

Icon_minipost Dec 22 '09, 12:55 PM

Will,

You're right, the trustee sales have become very competitive in Arizona. It is still possible to buy properties around 70% of value but lately the highest bids have been closer to 80%.

As far as prices being lower than REO's or short sales, it all depends on the property. As with short sales, foreclosed properties can be great investments if you know what you're doing. Both have their ups and downs.

PM me if you have questions about the auctions.

Edited: 06/26/2010 at 10:56AM