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Shay Rd
Eloy, AZ 85131

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Overview

This Preforeclosure is located at Shay Rd, Eloy, AZ 85131. This property is currently in auction.
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Status: Active
Listing ID: 63725030
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Learn about Shay Rd in Eloy, AZ

This property is available as a preforeclosure at Shay Rd. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Eloy, specifically for Shay Rd and comparable listings. Based on this expert analysis, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Shay Rd are updated daily along with others in Eloy, Arizona, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Shay Rd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Foreclosure Timeline

Shay Rd in Eloy Arizona Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Shay Rd
View Preforeclosure Status
06/23/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

This Property Has An Auction

Get up-to-date information and real-time property status updates:

Address: Shay Rd Eloy AZ 85131

Auction Time Left

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The countdown is usually accurate but not exact. To be safe, place bids 2 hours before the bidding ends.

What is the city of Eloy, AZ like?

Eloy, Arizona is a growing city located about halfway between Phoenix and Tucson. The area offers a warm climate, making it an attractive destination for those seeking outdoor activities year-round. Residents enjoy the relaxed atmosphere, with various recreational options, including hiking, cycling, and more.

The city has a strong sense of community with various local events and festivals throughout the year, perfect for families and individuals looking for a friendly environment. Eloy is conveniently located near major highways, providing easy access to larger cities and employment opportunities.

Eloy is also home to several educational institutions, parks, and essential amenities, making it a great place for families and young professionals alike. The city is positioned to continue growing, with new developments and infrastructure improvements underway.

Nearby Schools

There are 3 schools in the area. Nearby schools include Eloy Junior High School and Desert Willow Elementary School.

Eloy Junior High School
Desert Willow Elementary School
Santa Cruz Valley Union High School

Nearby Attractions

There are plenty of activities near this property like Eloy Public Library, Community Center, and more.

Eloy Public Library
Community Center
Healthcare Clinic

What kind of public transportation is there?


Public transportation options include: Valley Metro bus service connecting to Phoenix, Local shuttle services available for residents, Easy access to major highways for personal transportation. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Eloy Baseball Park, Gila River Recreation Area and more.

Eloy Baseball Park
Gila River Recreation Area
Picacho Peak State Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon Wireless
AT&T
T-Mobile

Internet Providers

Cox Communications
HughesNet
T-Mobile Home Internet
Rental Chart
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for Shay Rd in Eloy Arizona
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Property Information

Preforeclosure

The property located at Shay Rd in Eloy, AZ is listed as a Preforeclosure

This listing located at Shay Rd in Eloy, AZ could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Eloy, Arizona is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Eloy, AZ, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Eloy, Arizona doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

Read more...

Auction Information

Loan Information

Legal Information

Credit Information Center

County Information

Document Center

Listing History

Start Date End Date Listing Type Bank Name
06/23/25   Preforeclosure New Horizons 401 k
12/26/22 12/27/22 Preforeclosure
05/23/22 05/25/22 Preforeclosure

Similar Homes Nearby Eloy, AZ


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Shay Rd
Eloy, AZ 85131

 

Status: Active Listing ID: 63725030

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Listing URL

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