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 Oro Valley homeowners who are unable to keep their Oro Valley homes through the existing Oro Valley Home Affordable Modification Program (HAMP). The HAFA Oro Valley 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 Oro Valley short sale or an Oro Valley deed-in-lieu of foreclosure (DIL) used to avoid Oro Valley foreclosure on a loan eligible for modification under the HAMP program. Servicers participating in Oro Valley HAMP are also required to comply with Oro Valley HAFA.
Oro Valley HAFA Provisions:
• Complements Oro Valley HAMP by providing a viable alternative for Oro Valley borrowers (the current Oro Valley homeowners) who are Oro Valley HAMP eligible but nevertheless unable to keep their home.
• Uses Oro Valley borrower financial and hardship information already collected in connection with consideration of a loan modification.
• Allows Oro Valley borrowers to receive pre-approved short sales terms before listing the property (including the minimum acceptable net proceeds).
• Requires Oro Valley borrowers to be fully released from future liability for the first mortgage debt (no cash contribution, promissory note, or deficiency judgment is allowed).
• Uses Oro Valley standard processes, documents, and timeframes/deadlines.
• Provides the following Oro Valley financial incentives:
>> $3,000 for Oro Valley borrower relocation assistance;
>> $1,500 for Oro Valley servicers to cover administrative and processing costs;
>> Up to $2,000 for Oro Valley investors who allow a total of up to $6,000 in Oro Valley short sale proceeds to be distributed to subordinate lien holders, on a one-for-three matching basis.
• Requires all Oro Valley 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 Oro Valley markets, timing of pending Oro Valley foreclosure actions, and borrower motivation and cooperation.
Oro Valley Arizona Foreclosures
The City of Oro Valley, Arizona has over 100 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.
>Oro Valley Foreclosures Listings REO Property<
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 Oro Valley & Southern Arizona foreclosed and short sales properties real estate results, not hype.
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