While the real estate crash has certainly created more than its share of heartache, it's also created tremendous opportunities. Most often, these opportunities are overlooked by people who would greatly benefit from them. Such people may not even realize that the foreclosure constitutes a situation that anyone looking to purchase real estate must necessarily desire: the most motivated seller possible. In these situations, it's oftentimes possible for individuals who would otherwise find certain areas far out of their financial reach to purchase homes in those areas and to benefit from owning equity in these desirable properties.

Arizona's Fountain Hills, located near Scottsdale and Phoenix, is one of the most desirable places to live in that area. It features a vibrant community, four golf courses along which luxury homes are situated, surroundings as remarkable for their natural beauty as they are for their proximity to the city and is a planned and gated community that is known for its exclusive nature. This community, of course, is subject to the same market forces as is any other and the real estate crash has pushed some of these homes into foreclosure which creates a great opportunity for many.

Homes located in desirable areas such as Eagle's Nest, Desert Canyon and SunRidge Canyon were once out of the range of most consumers. Living next to a golf course was nothing more than a dream for most working and middle class families but such lifestyles are now available at greatly-discounted prices.

A realtor who specializes in the Fountain Hills area will be the best place to start looking for such properties. They generally know about the area to a great enough depth that they can alert clients to upcoming opportunities and know how much a price is discounted due to foreclosure.