Let me preface this blog entry with the statement, “Foreclosures and short sales vary by state and this blog post pertains to Arizona only”  Please contact your local Realtor for the most up to date and current information. Arizona foreclosures aka Real Estate Owned (REO’s) are properties...

Image by respres via Flickr Sarah Reiter a Phoenix, AZ Realtor that specializes in helping buyers, investors, first-time homebuyers and veterans find the best deals in today’s HOT foreclosure market! Offers her Hottest Bank Owned REO Properties for REO PHX Blog readers. Sarah’s Most Recent...

We’re glad you asked! REO stands for ‘Real Estate Owned’. Basically it is a foreclosed property NOT to be confused with Short Sale. The process of purchasing an REO is similar to a traditional transaction in many regards, however there are many points of interest to pay special attention...