My Realtor colleagues made a few good points. However, Realtors from out-of-State or from another Arizona town probably have a different market and speak of their experiences in that market. I think Maricopa is somewhat different. The condition of foreclosed homes in Maricopa is on average fairly good. Remember that 10 years ago Maricopa had 1040 residents and now 43,000. The development of Maricopa began in 2002 an the majority of homes were built since 2004. A typical foreclosure in Maricopa may need paint and often carpet to turn it into a really nice home. Often times the homes even have blinds and fans. Usually they have a stove and dishwasher and microwave. A "bad condition" in Maricopa is when it needs paint and carpet, blinds and fans and may be a few very minor repairs. That is absolutely no comparison to for example a "bad condition" in Mesa on a $65,000 house that was built in 1969, where you need to get the entire roof done for 8k, all flooring, roof leak damage repaired, electrical and many, many other issues and then you still live in a house that was built in 1969, if you know what I mean. Maricopa, honestly, has great foreclosure opportunities. It is absolutely fantastic here and it sometimes hard to see how even this can be talked down. Sorry, but there is a price point, and we have it here in Maricopa, where you can buy a house without regret and just be happy and proclaim "for once in my life I had great luck!" If someone cannot be happy about buying a house in Maricopa - in this market with these extremely low prices- with 4.5 % interest rates - this person has a very hard time to be happy with anything - any thing!!