REO Homes for Sale

We invite you to explore REO Homes for Sale. The tabs to the left is all homes available in the immediate community. Searching for lock and leave style REO homes for sale? Check out the "Townhomes/Condominiums" tab to view availability. Debating between a condo or single detached home? We have a "Homes" tab for that as well. Looking to build? Check out "Land" parcel lots available for sale in the next tab over. For Open House routing information or to schedule a private showing, please call (602) 451-6600. We are on standby to help service your Phoenix Arizona Professional Real Estate Service needs.

General Details

REO Homes for Sale

AZ Smith Properties specializes in services related to Real Estate Owned (REO) homes for sale including Broker Price Opinions (BPOs). We market and publish bank foreclosure listings and REO homes for sale using transparency and immediacy to our database of established investors and home seeking buyers. Leverage digital media and technology to grow sales through marketing and advertising, while adhering to industry regulations. As members in good standing with the Arizona Association of Realtors (AAR), Arizona Regional Multiple Listing Services, (ARMLS) we work with several of the nation’s largest lenders and asset management companies.   We utilize the most advanced technology for communication, professional BPOs, and marketing to provide you with time-sensitive data to maximize your investment rate of returns.

With over 16+ years of experience, we have developed strong relationships with banks, mortgage brokers, investors, title escrow agents, insurance agents and other contractors for maintenance and repairs of our REO properties and to provide exceptional levels of service results to our expanding client base. Our team has earned the reputation as being fierce competitors within the industry as a prime REO properties brokerage. We understand and encompass systems and processes in place to meet the sense of urgency driving our client’s and the necessities of asset management firms servicing needs.

  • BPO Drive-by
  • BPO Full Interior
  • Property Evaluations
  • Digital Photos
  • Occupancy Checks
  • Cash for Keys and Deed in Lieu Negotiation
  • Securing and Re-keying
  • Property Listing/Marketing Campaigns
  • Contractor Coordination
  • Facilitating Escrow Process of body text

Looking for income property or a primary home or place to live is our specialty. We understand the business of real estate.  Our experience enables us to streamline the process of selling and buying properties.

Advantages of purchasing REOs
When a home becomes an REO property, removal of liens and payment of back taxes are part of the re-sale process.  Since the homes listings reside with real estate agents (unlike properties at foreclosure auctions), REOs can be inspected by you before you proceed or enter into the purchase contract.

Typically the lending institution owning the property will often offer to finance with better deals then they would offer on traditional properties. Therefore, it’s not uncommon in today’s real estate market to locate restored foreclosure homes in a more readily saleable condition.  The property condition is just as important for the home buyers, so the property is eligible to meet required underwriting loan finance purposes. REO bank owned homes typically include major appliances.  Each listing can vary.  However, for the most part, oven range, dishwasher, is included and washer dryer and refrigerators vary per listing.   In some instances, the bank owning the property may provide or offer an allowance for certain repair items. Title/escrow may sometimes save buyer’s money if they opt to use the same company the bank used to acquire the property during the foreclosure period.

High demand real estate markets may not have significance in list pricing when it comes to REO homes for sale as oppose to traditional housing inventory available for purchase.  During down markets, REO’s list pricing in regards to the market values on homes reflect the property values upon supply and demand determining if that particular property is eligible for purchase at a discount negotiable price.

View Phoenix Arizona current REO homes for sale in the greater Phoenix Arizona Metropolitan area. Listings below REO Homes for Sale displayed below are live status direct from the main resource database.  Discover more about any of these homes, receive custom notifications as soon as a new property is listings for sale in Phoenix Arizona or to establish a customized home search first to know update call 602-451-6600 or complete your request below and someone from our team will be in contact as soon as possible.

Thinking of selling? We have a database of buyer’s we are searching for quality inventory home options to help match.  We also offer complimentary listing selling research reports with customized marketing campaigns to help maximize the best return possible.  We are personally available & on standby to assist with all your real estate needs.  Please call (602) 451-6600 & someone from our team will be in touch with you as soon as possible!

“We have advocated real estate negotiations on behalf of local Phoenicians, domestic and international real estate clients since 2001.  Our experience includes single-family residential homes, luxury homes, home sites and land parcels, equestrian properties, new home developments (including representation for new home builders), investment properties, historic estates, and condominium transactions in the urban market infill city sector transactions. We work passionately to fulfill your real estate lifestyle needs! Providing our valued clients with the most current comparable market research to help you make the most informed decisions is a responsibility we take seriously and professionally.”

REO Homes for Sale

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REO Single Detached Homes for Sale

REO Single Detached Homes for Sale


Contact Us for REO Single Detached Homes for Sale

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REO Townhomes/Condominium Homes for Sale

REO Townhomes/Condominium Homes for Sale


Contact Us for REO Townhomes/Condominiums Homes for Sale

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REO Land for Sale

REO Land for Sale


Contact Us for REO Land for Sale

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