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03/07/10
Eviction adds to pain of home’s foreclosure
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:43 pm

Homes that fall into foreclosure in Phoenix are sold at a public auction. The highest bidder becomes the new owner. The former owner then has to move out.

Departing owners have five days under Arizona law to vacate the property. But in the overheated foreclosure market that has come in the wake of the metropolitan Phoenix housing crash, some people are being told to get out the same day their house is sold at auction.  more…



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