Bank owned homes in Scottsdale are increasing at a rapid pace. Unfortunately the difficult economy has left several homeowners in the Scottsdale area struggling to make their mortgage payments. The loss of the job, the depletion of a retirement fund or weakened business profits have led to a record number of bank owned homes even upscale Scottsdale communities. This growing trend means that homes can be purchased well below their perceived value and, often, in a community that was previously priced out of reach, like Scottsdale, Arizona.
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