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Tucson foreclosures give buyers a unique opportunity to save big on their Pima County home purchases.  The savings opportunities are potentially huge -- with about 45% of the Tucson housing market comprised of foreclosures and other distressed properties.  

Big Opportunities in Foreclosures

Based on the sheer volume of Tucson foreclosures, once in a generation foreclosure opportunities are available. When a homeowner defaults on their residential mortgage, their lender is often left with no alternative but to foreclose.  

These properties -- also referred to as Real Estate Owned (REO) -- become a liability that weigh down the lenders’ balance sheets.  Until banks are able to sell these properties to another homeowner, it negatively impacts their ability to make new loans to buyers with an ability to make their mortgage payments.

Foreclosure Savings

Regardless of the type of Tucson property you’re looking for, there’s a foreclosure property that can meet your needs.  From bank and government foreclosed homes to condos, townhouses, manufactured homes -- and even land -- these properties give you the opportunity to save big compared to what you might expect to pay if you were buying retail real estate.

Prices for Tucson foreclosures are extremely affordable, and in many cases can be purchased as much as 15%+ off of retail and new home prices.  These prices for Tucson area properties give you plenty of reasons to consider Pima County as your future home.   

Foreclosures: Not for Everyone

While foreclosures give you ample reasons to consider the Tucson area for your next home purchase, foreclosures aren’t for everyone.  If you’re not comfortable rolling up your sleeves and making what (in most cases) are minor, superficial repairs, you might be better off paying retail for your home purchase.

However, if the idea of making your house a “home” excites you and opens you up to the concept of decorating your home to suit your tastes, then you should definitely consider finding a Tucson foreclosure in a neighborhood that will make you feel right at home.

Foreclosures are the driving force in making the Tucson real estate market the most affordable it’s been in years. Prices have dropped dramatically -- and lenders are hungry to get their REO properties off the books.  

To find out if a Tucson foreclosure property is your best opportunity to achieve affordable home ownership, browse our foreclosures listings (sidebar to the right) and contact us today to arrange a showing or to get more information.

Newest Tucson Foreclosure Homes For Sale

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9201 E 42nd, Tucson

Desirable Hearthstone Hills slump block home with pool! Easy flow floor plan with a living room and a family room off the kitchen! Good size corner lot with a block wall ...

  • Beds3
  • Baths2
  • Courtesy ofHomesmart Advantage Group

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223 N Olsen, Tucson

Auction happening now on the HUBZU site! Rare find FIX-UP with guest house in historic Sam Hughes, minutes from the University of Arizona. Beautiful open floorplan, conte...

  • Beds4
  • Baths4
  • Courtesy ofVylla Home

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than our office are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2022 MLS of Southern Arizona. All Rights Reserved.