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