March 15th, 2010 by Michael Oliver

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A HomePath eligible home is a Fannie Mae foreclosure property that Fannie Mae is trying to resell to get back their money for

This Home Is Currently For Sale As A HomePath Eligible Home

a property they lent on. As Fannie Mae is the largest lender on real estate in the world even a small percentage of foreclosures equals a lot of Homepath properties and homes for sale. In Tucson there are about 150 Homepath homes for sale at any given time most are in the $125k-$300k price range yet for first time buyers (or home buyers in general) a Homepath eligible home offers them a lot of incentives and benefits to buying one.

Foreclosure Homes Tucson, Tucson Foreclosures

March 12th, 2010 by Michael Oliver

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I have been watching the HUD Home segment of the Tucson housing market and one of the new listings that hit the market recently is a listing just off of

tucson homes, Tucson HUD Homes

March 10th, 2010 by Michael Oliver

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Tucson HUD homes are very low priced or cheap even in todays market. If you are a first time home buyer in Tucson, Marana, Sahuarita, Vail, Oro Valley, or Catalina

Current Tucson HUD Home For Sale For $112k!

buying one of the many HUD homes for sale in Tucson could be a large savings for you as they offer incredible upside as well as programs designed to help you buy and fix up (in some cases) these HUD Homes.

HUD Homes, HUD Homes Tucson Arizona, Tucson HUD Homes

March 3rd, 2010 by Michael Oliver

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In going over the Tucson foreclosure housing market statistics (stats) it was interesting to see which way the foreclosure market is headed. I went through 3 different months last year and took a snapshot of what the market was doing at those points. The furthest I could go back was July of 2009 when the Tucson MLS made an input specifically for REO (also known as bank owned, or a foreclosure) so that those homes specifically could be sorted out and in my case tracked. With that being said these are 3 months over the past 8 to show where the Tucson distress/ bank owned home market segment is moving:

Foreclosure Homes Tucson, foreclosure statistics, Tucson Foreclosures

February 25th, 2010 by Michael Oliver

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The higher end of the Oro Valley foreclosure real estate market is seeing some nice listings come on the market. Recently I have seen

This Oro Valley Foreclosure Is Currently On The Market For $349,900

several high quality foreclosure homes within Oro Valley, these homes are newer and seem priced well considering the size and quality of them and the higher end neighborhoods in which they reside. Oro Valley Foreclosures are like a lot of other Tucson areas (including the foothills) where foreclosures are in almost every price range and home type. Oro Valley as a whole offers a smaller number of high quality move in ready foreclosure homes but has a high amount of short sales leading many to believe the supply of higher end foreclosures will be available for some time as the Oro Valley housing market is still in a recovery state.

bank owned homes Oro Valley, Oro Valley AZ, oro valley foreclosures, Oro Valley Real Estate

February 22nd, 2010 by Michael Oliver

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Since Tucson is home to a major Air Force Base (Davis Monathan) as well as a highly demanded retirement area

VA Loans Are Great Options For Veterans Looking To Buy a Tucson Home

for retired veterans it makes sense many home purchases are VA home purchases in the Tucson Arizona area. VA Homes are any homes bought using a VA (Veterans Administration) mortgage -or- those properties foreclosed on by banks that were backed using a VA loan. Those homes are then re-sold and in many cases VA home foreclosures offer a great way to buy a home in Tucson Arizona especially for first time buyers in the military.

VA Home Buying, VA Homes In Tucson AZ, VA Loans

February 21st, 2010 by Michael Oliver

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Buying Tucson investment property from banks that have foreclosed upon it is one of the best ways to buy distress property

The Tucson market offers deals for investors currently

at phenomenal prices. Distress investment property in Tucson is available for sale in all segments of the Tucson market. The best Tucson investment property deals generally are sold before they hit the general market or are at least highly known about when they do officially go on the market for sale. Bank managers, asset managers, and servicing managers responsible for selling  foreclosed assets have many contacts these contacts (Realtors) spread the word to their A-list clients and those clients (generally professional Tucson investors) act on those tips generating the sale of a bad asset for the bank, commission for the investor’s Realtor, and netting the investor an asset that will be sure to make them a return.

investing in tucson real estate, Tucson investments

February 16th, 2010 by Michael Oliver

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I get a lot of buyers on the fence about what is the better buy a foreclosure home or a brand new one. Sometimes a

Should You Buy A New Home Or A Foreclosure For The Best Overall Deal?

client just wants to look at foreclosure homes motivated by the “deal”. Other times a client only wants to look at new homes where everything is under warranty and they will have no issues with anything. Either strategy could be a great idea but I would recommend as a buyer you look at both types of home listings sometimes the differences are much more minor then you would think.

Tucson Foreclosures, Tucson new homes

February 10th, 2010 by Michael Oliver

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Presidio Del Cielo Home For Sale

Rancho Sahuarita as many people know is a major master-planned neighborhood with half a dozen new home builders and thousands of homes already built. For the second time in less then a month a foreclosure in Rancho Sahuarita has hit the market for a very low price on a home that seems move in ready. Foreclosures in Rancho Sahuarita are somewhat common although larger homes and larger ones still in great shape are hard to come by and this home fits both of those descriptions as does the Rancho Sahuarita home highlighted here a couple of weeks ago.

Rancho Sahuarita Foreclosures, Rancho Sahuarita. Rancho Sahuarita Homes For Sale

February 8th, 2010 by Michael Oliver

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Not Always Is "AS-IS" What You Think

This is a topic that comes up all the time. Many times buyers are worried to buy a foreclosure or bank owned home(s) in Tucson because the home states it can only be bought “AS-IS” and they want a home that has little to no problems. For that reason they don’t look at foreclosures, and many times spend a lot more for a comparable home that isn’t a lender owned or foreclosure home where repairs can be asked for and granted…

AS-IS sales, Buying a Foreclosure, Tucson Foreclosures