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Cynthia Bon:
Tierra Antigua Realty
Cell Phone:     (520) 270-4649
 
 
Site updated twice daily.
 
 
If you prefer to search the entire Tucson MLS/IDX system, check out our other website:
Tucson, Oro Valley, Marana & Vail, Arizona
Foreclosed Homes & Land
 
Important Notice: Properties shown on this website are filtered out using keywords found in the "Marketing Remarks" listing field in the Tucson MLS.  This method will invariably lead to some missed properties and/or miss identified properties.  For example, you may find some already foreclosed properties in a short sale category and vice-versa.  It is also possible that there are foreclosed properties in the Tucson market that are missed on our website altogether.  If you are a serious buyer / investor contact us and we will set you up with a more comprehensive list of properties and immediate notification when new properties enter the market.  Call Cynthia Bon at 520-270-4649 or send us an email here.
 
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Note:  For our purposes here, "Foreclosed" is synonymous with 'Real Estate Owned', 'Bank Owned', 'Lender Owned', 'REO', and all variations of the word 'foreclose'.
 
FORECLOSURE (Definition from Wikipedia):  The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs.  more ...
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SHORT SALE (Definition from Wikipedia):  A short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale.  more ...