548 Pre-Foreclosures in Phoenix, AZ

Foreclosure process

Arizona foreclosures are typically non-judicial when the loan uses a deed of trust with a power-of-sale clause, which most do. A trustee conducts the sale without court involvement. Judicial foreclosure is used when no power-of-sale clause exists, or when the lender wants to preserve the right to a deficiency judgment.

Property tax delinquency

Arizona is a tax lien state — the county sells a certificate against the unpaid taxes at public auction rather than the property itself. The delinquent owner has a three-year redemption period to pay off the lien plus interest; if it goes unredeemed, the certificate holder can initiate a judicial action to obtain the deed.