If you are even thinking about buying a home in the Whtie Mountains of Arizona, then you need to consider foreclosures. Don't think about short sales since you may never hear back from the banks. Foreclosures, typically, will give you a response within a few days.
Now...some of the homes will need some work. I won't lie to you. But some homes are in average to above average condition. I've seen some that are move in ready! What you get for the price per square foot compared to regular resales is much, much more!
My foreclosure partner and I make it a point to go and preview all the foreclosed homes in the tri-city area. This way we know what needs to be done to the home and how it compares to other homes on the market.
There are some differences in foreclosure transactions compared to the regular resales, but an experienced agent will help you through that. So, be sure to check out foreclosures if you are looking to buy.