Tucson Foreclosure Home Search
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.
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
Charming tri level home! Spacious living room with wood burning fireplace on ground level! Open kitchen, with tons of cabinets! Double sink! Bottom level consists of...
- Courtesy ofKeller Williams Southern Arizona
This house needs updating & repairs, but it could be great! Open split floorplan with the master & 1 bedroom off the living room; 2 bedrooms off the large great room & k...
- Courtesy ofVylla Home
This is a Fannie Mae HomePath Property! With 2995 sq ft of living space, this spacious two story home has 4 bedrooms, 2.5 bathrooms, loft, 3 car tandem garage, & large b...
- Courtesy ofRoca Realty
Charming 3bedroom/2bath Single Family Home. Nice kitchen with all appliances and breakfast bar. Dining and Living Areas off Kitchen. Laminate flooring in main areas, New ...
- Courtesy ofIntegra Group Real Estate, Llc
11/12/19 AT 9:00 AM NOTE: THERE WAS A MULTIPLE OFFER SITUATION ON THIS PROPERTY. ALL OFFER HAVE BEEN RECEIVED AND ARE BEING REVIEWED BY THE SELLER. A contemporary s...
- Courtesy ofPaul Mccomb Realty
Cozy single story home on a good sized lot. Property features 3 bedrooms, 2baths, an open kitchen and living room with lots of natural light. The home isin need of some u...
- Courtesy ofReal Home Services & Solutions
Custom built home on almost 1 acre lot in prime foothills location with wonderful views. Spacious living room with fireplace and separate formal dining room. Kitchen wit...
- Courtesy ofColdwell Banker Residential Br
Completely updated Fannie Mae HomePath property. Fresh designer interior paint. New exterior paint. All new flooring. New kitchen cabinets, counter tops, appliances. New ...
- Courtesy ofHomesmart Advantage Group
PRICE JUST REDUCED! This is a Fannie Mae HomePath Property! With 1318 sq ft of living space, this home has 3 bedrooms, 2 bathrooms, laundry room & large back yard with c...
- Courtesy ofRoca Realty
PRICE JUST REDUCED! With 1476 sq ft of living space, this home has 3 bedrooms, 2 bathrooms, den, laundry room, and large backyard with covered patio & mature trees great ...
- Courtesy ofRoca Realty
Custom Sante Fe with stunning back yard oasis including outdoor patios, flagstone, outdoor kitchen and lagoon style pool. Soaring ceiling in formal living rm w/office alc...
- Courtesy ofLong Realty Company
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