Tucson Foreclosure Home Search

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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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$262,150

6815 W Oklahoma, Tucson

3bd, 2ba newer home on 1 acre lot with 2-car garage, fenced back yard, pool and spa, fireplace, mountain views. This home needs some TLC so will not finance with VA or F...

  • Beds3
  • Baths2
  • Courtesy ofPima Canyon Realty

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$431,000

5621 N Placita Paisaje, Tucson

5 bedroom 3 bath home in the Ventana Canyon area! Hight, vaulted ceilings. Master bedroom downstairs. 2-way fireplace. Formal dining room. Open kitchen. Cool, refreshing...

  • Beds5
  • Baths3
  • Courtesy ofHomesmart Advantage Group

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$230,000

7186 S Oakbank, Tucson

Don't miss out on this Awesome home! Check this out! Newer and upgraded Kitchen cabinets, granite countertops, stainless modern steel range hood, new flooring throughou...

  • Beds4
  • Baths2
  • Courtesy ofAlpha Realty & Investments

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$400,000

37394 S Copper Ridge, Tucson

Great HUD Home with nice curb appeal. High on a ridge overlooking golf course area and surrounded by mountain vistas. Kitchen features fine granite countertops and backsp...

  • Beds3
  • Baths3
  • Courtesy ofIntegra Group Real Estate, Llc

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$188,000

6925 E Calle Ileo, Tucson

Note: a three day first look period is in effect for all types of buyers, both owner occupant buyers and investor buyers. The seller will not review offers until 7/3/20. ...

  • Beds3
  • Baths2
  • Courtesy ofPaul Mccomb Realty

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$584,900

5887 N Misty Ridge, Tucson

Spectacular La Paloma Ridge 4 property. Many upgrades including new piping, new AC/Heaters, new roof underlayment, new appliances, new granite counters, all new flooring ...

  • Beds3
  • Baths2
  • Courtesy ofHomesmart Advantage Group

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$349,900

605 N Dodge, Tucson

PRICE JUST REDUCED! This is a Fannie Mae HomePath property. With 3120 sq ft of living space this home has 7 bedrooms, 6 bathrooms, storage/workshop room, carport, laundry...

  • Beds7
  • Baths6
  • Courtesy ofRoca Realty

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$186,000

3756 E Concord, Tucson

This is a Fannie Mae HomePath Property! With 1040 sq ft of living space, this home has burnt adobe exterior walls, 3 bedrooms, 2 bathrooms, laundry room, and large backya...

  • Beds3
  • Baths2
  • Courtesy ofRoca Realty

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 2020 MLS of Southern Arizona. All Rights Reserved.