Foreclosure, Distressed, REO, Bank Owned Properties

Bank owned properties that have been through the foreclosure process represent some of the best values in the Phoenix area. They are also known as REO or lender owned properties.  Click here to request automatic updates on bank owned foreclosure or REO properties for homes in the Phoenix area including Scottsdale, Chandler, Gilbert, Mesa, Queen Creek, Peoria, Paradise Valley, Surprise, Avondale, and Goodyear.

Use the following specific searches of foreclosure properties:

Luxury Bank Owned Homes in gated communities   (Over $500K)

Waterfront Bank Owned Foreclosure Properties

Schedule a showing : If you would like to see any of the houses or properties shown in the searches, fill out the attached form.  If you are looking for a specific type of foreclosure, REO, or bankowned property, describe it here and I'll find it for you.

Foreclosed, lender or bank owned, REO properties are not the same as short sales.  Short sales take weeks or months to get a response by the bank.  The price you see on a short sale listing most likely has not been agreed upon by the bank or lender.  They want to see an offer first before indicating what price they will accept.  A lender or bank will respond in 2 - 5 business days on foreclosures, and the price you see on the listing has been approved by the bank or lender, and all liens have been cleared through the foreclosure process.