Phoenix Lender Owned Homes & Foreclosures - FREE Lists! What is a Lender Owned Home? A Lender owned home is a home that has been foreclosed on and the bank or lender has taken posession of the property to satisfy the debt. What is a Foreclosure? Foreclosure involves a lawsuit in which a bank, mortgage company, or other creditor seeks to take an owner's property to satisfy a debt. The bank or lender may actually take the property, or have the property sold to pay off the debt. As a result of the foreclosure, the owner loses whatever rights he or she had in the property. Easy Sign up below     ( It takes less than 1 minute!)  You will receive your lists of Lender Owned Foreclosures within 24 hours!

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