Arizona is inundated with foreclosures. Only Nevada has seen a higher percentage of foreclosure homes. While foreclosures are an awful experience for those who go through them, purchasing foreclosures can be a great opportunity to get a home at a bargain price.

Most foreclosures, those homes that are now REO properties and owned by the bank, can be easily purchased just like any other home. These properties are almost always found on the MLS, and you can find them using the Zip Realty home search on the right.

There are also other preforclosure and default properties that are not yet found on the MLS, to find these foreclosure homes, you can try a free foreclosure subscription with RealtyTrac.com, the leader in foreclosure news and information.