Welcome to Southern Arizona
- July - Family Circle names Oro Valley "10 Best Towns for Families."
- June - Men's Journal names Tucson "Top 5 Best Places to Live."
- July - Solar Power Association ranks TEP "Top 10 Most Solar Integrated."
- March - Fortune names Oro Valley "100 Best Places to Live and Launch."
- December - Self's "Healthiest Cities" report ranks Tucson #1 "Environment."
Southern Arizona MLS Map Search
NEWS FLASH: Home Affordable Foreclosure Alternatives Program (HAFA)
In 2009, the Treasury Department introduced the HAFA program to provide a viable option for Tucson homeowners who are unable to keep their Tucson homes through the existing Tucson Home Affordable Modification Program (HAMP). The HAFA Tucson program takes effect on April 5, 2010 -- although some servicers may implement it sooner, if they meet certain requirement -- and sunsets on December 31, 2012.
HAFA provides incentives in connection with an Tucson short sale or an Tucson deed-in-lieu of foreclosure (DIL) used to avoid Tucson foreclosure on a loan eligible for modification under the HAMP program. Servicers participating in Tucson HAMP are also required to comply with Tucson HAFA.
Tucson HAFA Provisions:
• Complements Tucson HAMP by providing a viable alternative for Tucson borrowers (the current Tucson homeowners) who are Tucson HAMP eligible but nevertheless unable to keep their home.
• Uses Tucson borrower financial and hardship information already collected in connection with consideration of a loan modification.
• Allows Tucson borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).
• Requires Tucson borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed).
• Uses Tucson standard processes, documents, and timeframes/deadlines.
• Provides the following Tucson financial incentives:
>> $3,000 for Tucson borrower relocation assistance;
>> $1,500 for Tucson servicers to cover administrative and processing costs;
>> Up to $2,000 for Tucson investors who allow a total of up to $6,000 in Tucson short sale proceeds to be distributed to subordinate lien holders, on a one-for-three matching basis.
• Requires all Tucson servicers participating in HAMP to implement HAFA in accordance with their own written policy, consistent with investor guidelines. The policy may include factors such as the severity of the potential loss, local Tucson markets, timing of pending Tucson foreclosure actions, and borrower motivation and cooperation.
Tucson Arizona Foreclosures
The City of Tucson, Arizona has over 500 foreclosure and short sales properties currently available. This is a great opportunity to invest in one of the most sought-after areas in the real estate market today. Arizona Bank Foreclosures & Government Foreclosed Houses, REO, Federal Homes, Distressed Properties, and Commercial Foreclosures are all at MyOwnArizona.com. All foreclosures, HUD, VA, and other government property home lists and listings are available as well.
Find all the Arizona foreclosure properties by selecting the links below. Search our entire MLS database of Arizona foreclosures free as long as you like with no obligation. Keep checking back with us since the system is updated twice daily.
>>Tucson Foreclosures Listings REO Properties<<
Bidding on a property at a foreclosure auction on the local courthouse steps can be overwhelming and intimidating -- it's often an experience unlike any other. It also takes a good amount of time, skill and resources. At MyOwnArizona.com, we've got a better alternative. An OwnArizona™ Real Estate Foreclosure Specialist represents a tremendous opportunity to purchase foreclosed homes at reduced prices directly from lenders through our sales staff. It is free to view these amazing deals and the bid process is fast and simple.
MyOwnArizona.com is the main source of foreclosure properties in the State of Arizona that updates all properties twice daily. As an agent, investor, or homebuyer, MyOwnArizona.com delivers the foreclosure information needed. Contact us at any time for assistance.
The OwnArizona™ Team Does More Than Buy and Sell Tucson Real Estate
We spend a lot of time out in the local foreclosed and short sales properties getting to know every in and out of each neighborhood and the Arizona foreclosed and short sales properties real estate market in general. So whether you're relocating to Arizona from out-of-state, just moving from another city to Arizona, investing in a winter or second waterfront home, upsizing or downsizing, or just wanting your dream home on the 18th hole, the OwnArizona™ Team has the experience and insider know-how to get you settled in no time.
Go ahead, Call or Text us right now at: 520-822-6575.
Or, contact us by email for Tucson & Southern Arizona foreclosed and short sales properties real estate results, not hype.
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