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There has never been a better time to acquire bank owned homes for sale in Scottsdale, AZ. You can purchase these types of properties directly from the bank. Banks do not want to own property, they want to lend money. However, the downturn in the economy has forced the bank to take possession of these homes. You can assure yourself of an excellent deal if you take advantage of this opportunity.

REO (Real Estate Owned) homes in a condition of foreclosure and now sit on the banks financial books waiting to be sold. The longer the bank keeps a home on its books, the more detrimental it is to the bank's ability to borrow money. They must get rid of these burdens as quickly as possible and that is why you can purchase them at incredible savings.

Aside from the excellent opportunity to live in the Valley of the Sun, where sunny days are the rule year round, you will find Scottsdale attractive for a number of other compelling reasons. Consider the low cost of living that consistently beats out that of other major metro areas across the nation. And the Maricopa County schools are award-winning centers of excellence that consistently outperform other schools across the state and the nation.

Sitting adjacent to Phoenix, this Maricopa County city of about 218,000 has been described as South Beach West. It is a thriving city, both economically and socially. Tourism is a powerful force that drives the economy. Hotels and resorts are busy year round as people flock to Scottsdale for the golf, the scenic beauty and the gorgeous weather. Plus, the metro area has an amazing assortment of amusements and attractions like no other region. All these things add up to make Scottsdale a sought-after destination for tourists, business owners, parents of families and retirees alike.

No matter what your station in life, there is a fabulous option waiting for you. From single-family dwellings and starter homes to full-fledged estates and high-rise condos, Scottsdale has the perfect choice for your needs. Perfect home, perfect weather and a low-cost, high-quality lifestyle that others can only envy; that is Scottsdale, AZ!

Once you've settled into your new place, you will want to stop by the Kerr Cultural Center, located on the campus of Arizona State University, for some of the finest concerts and other musical events. Or, get a bird's eye view of the sun-soaked Sonoran Desert and its entire splendor with your own hot air balloon ride courtesy of Rainbow Ryders. Select from sunrise or sunset rides and thrill to the most breathtaking views you will ever witness, high above the mountains, canyons and desert valley.

Scottsdale is also host to the famous Scottsdale Art Walk, a special Thursday night event that puts you in the center of the many art shops, galleries and related boutiques located along the downtown stroll. There are demonstrations, exhibits and the opportunity to meet and greet the area's foremost artists and artisans. While downtown, stop in and visit the merchants at the Fifth Avenue Shops. This is affectionately referred to as Old Town Scottsdale and is a shopper's paradise.

Many available homes are immaculate, inside and out. You and your family can move right in as soon as the deal is closed and the keys are in your hand. But here's the bad news: the housing market is starting to rebound! As home values start to rise, you ability to save money on these bank owned homes for sale in Scottsdale AZ will fade away. Lock in your best price today, and as the market recovers you will benefit from the instant equity created as values climb back to normal levels. Why not make your selection today?

26 Scottsdale AZ Bank Owned Homes For Sale

MLS 5243580 42447 N 105TH Street, Scottsdale, AZ Scottsdale AZ Bank Owned
42447 N 105TH Street, Scottsdale, AZ $2,600,000
  • 4
    Beds
  • 6
    Baths
  • 7515
    SqFt
Welcome home to your luxurious retreat in the desert! This magnificent property high up in the Village of Seven Arrows at Desert ... View Full Details
Listing courtesy of: R.O.I. Properties ARMLS
MLS 5228509 11058 E Tamarisk Way, Scottsdale, AZ Scottsdale AZ Bank Owned
11058 E Tamarisk Way, Scottsdale, AZ $1,695,000
  • 5
    Beds
  • 9.5
    Baths
  • 7005
    SqFt
Apppraised at $2.2 million in January. Very aggressive price.Great opportunity on this cosmetic fix-up..Fine points include ... View Full Details
Listing courtesy of: Keller Williams Realty East Valley ARMLS
MLS 5277619 11125 E MARIOLA Way, Scottsdale, AZ Scottsdale AZ Bank Owned
11125 E MARIOLA Way, Scottsdale, AZ $1,254,900
  • 4
    Beds
  • 3.5
    Baths
  • 4578
    SqFt
Spectacular home in Apache Peak with magnificent panoramic mountain views and southwestern sunsets from your curved terrace. ... View Full Details
Listing courtesy of: Cerreta Real Estate ARMLS
MLS 5306193 15414 E CAVEDALE Drive, Scottsdale, AZ Scottsdale AZ Bank Owned
15414 E CAVEDALE Drive, Scottsdale, AZ $1,100,000
  • 4
    Beds
  • 6
    Baths
  • 5090
    SqFt
BANK OWNED and shows like NEW! Gorgeous custom home with ALL the upgrades you are looking for PLUS this unique subdivision of ... View Full Details
Listing courtesy of: Keller Williams Arizona Realty ARMLS
MLS 5252451 36468 N RED HAWK Lane, Scottsdale, AZ Scottsdale AZ Bank Owned
36468 N RED HAWK Lane, Scottsdale, AZ $979,900
  • 5
    Beds
  • 4.5
    Baths
  • 4722
    SqFt
Buying opportunity of the year! This custom estate, now bank owned is priced $120,000 below recent appraisal for immediate sale. ... View Full Details
Listing courtesy of: Realty Executives ARMLS
MLS 5290452 11467 E BECK Lane, Scottsdale, AZ Scottsdale AZ Bank Owned
11467 E BECK Lane, Scottsdale, AZ $699,900
  • 4
    Beds
  • 3.5
    Baths
  • 3090
    SqFt
SUBMIT ALL OFFERS FOR SELLER REVIEW & APPROVAL!!! PRICED FOR IMMEDIATE SALE! EXCELLENT BUYER OPPORTUNITY IN HIGH DEMAND ... View Full Details
Listing courtesy of: Realty Executives ARMLS
MLS 5258552 26340 N 82ND Street, Scottsdale, AZ Scottsdale AZ Bank Owned
26340 N 82ND Street, Scottsdale, AZ $650,000
  • 4
    Beds
  • 2.5
    Baths
  • 3596
    SqFt
Gorgeous estate in Scottsdale! This property has it all including a designer kitchen with built in fridge, large family room with ... View Full Details
Listing courtesy of: Real Home Services & Solutions ARMLS
MLS 5291372 8425 E WHISPERING WIND Drive, Scottsdale, AZ Scottsdale AZ Bank Owned
8425 E WHISPERING WIND Drive, Scottsdale, AZ $639,600
  • 3
    Beds
  • 3.5
    Baths
  • 3395
    SqFt
BEAUTIFUL CUSTOM HOME IN PINNACLE PEAK ESTATES SITUATED ON OVER 1 ACRE HOMESITE. HOME FEATURES 3 BEDROOMS AND 3 1/2 BATHROOMS ... View Full Details
Listing courtesy of: Cerreta Real Estate ARMLS
MLS 5302831 9427 N 87TH Way, Scottsdale, AZ Scottsdale AZ Bank Owned
9427 N 87TH Way, Scottsdale, AZ $575,000
  • 4
    Beds
  • 2
    Baths
  • 3050
    SqFt
Don't miss out on this opportunity to purchase a great home at auction! Located in the desirable community of Country Horizons at ... View Full Details
Listing courtesy of: Cerreta Real Estate ARMLS
MLS 5256341 7168 E THIRSTY CACTUS Lane, Scottsdale, AZ Scottsdale AZ Bank Owned
7168 E THIRSTY CACTUS Lane, Scottsdale, AZ $545,000
  • 2
    Beds
  • 2.1
    Baths
  • 2423
    SqFt
Bright and open single story home in Terravita. This gorgeous home has it all! Beautiful wood cabinets throughout the entire ... View Full Details
Listing courtesy of: Real Home Services & Solutions ARMLS
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