Many home buyers are interested in bank owned homes.

I wanted to give you an idea of the quantity and quality of bank owned homes. It took some finagling but I was able to jerry-rig in the MLS a way for you to see homes listed as being bank owned in Scottsdale, Arizona.

Scottsdale bank owned homes

9 listings are over $1 million.

Just be aware that bank-owned homes are often, not always, but often are in tough shape. The future former owners have a tendency to take out their frustrations on the old four walls.

There are other complications with bank owned property such as “as-is” and slow response time from the banks.

Call me for details.

ADDED: I just noticed that someone is marking homes as “Favorites” and adding comments. I’m sorry but I don’t know who you are. If you would like me to set up a similar web site for your exclusive use, please call me at 480-596-3851. John

June 4, 2008 by
 
About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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