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Articles Tagged: Distressed Property

Home Buyers Guide Home Sellers Guide

‘Distressed’ properties: Foreclosures, REO’s, Short Sales

December 22, 2022

Foreclosures and Short Sales

A “Distressed” property is the industry term encompassing foreclosures, bank owned (REO) and short sales. Many people think that going after foreclosures, bank-owned or short-sale properties is a good way of getting a great deal on a home. It can be. But it can also be a risky purchase, and tough to even buy one, especially when financing.

Foreclosures

Foreclosed homes are bank-owned properties that are usually sold at auction, where the bank tries to sell it for as much as possible to recover the money it lent.

Purchasing a foreclosure before it hits the open market (at an auction or Sheriff sale) requires that you take on all risk — they are sold “as is,” meaning no inspections, and no repairs. Oftentimes you can’t even see inside the home before you make an offer. And since most lenders won’t fund the purchase of foreclosed homes, purchasing with all cash is usually your only option.Continue Reading

Filed Under: Tips for Home Buyers Tagged With: Bank Owned (REO), Distressed Property, Foreclosure, Short Sale

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"My experience with Russ was excellent. Russ even helped get the property ready for sale since I was out of state. He took care of everything. He was great!"
- Gilbert W., Quail Creek
"Moving to a different state can be somewhat overwhelming. We found Russ’s website and knew we needed to see him in person. We were not disappointed. He is extremely professional and being an out of state buyer, we definitely needed a Realtor we could count on. He was so helpful in finding the right house for us that it didn’t take long to make an informed decision. We wouldn’t hesitate to recommend him to anyone. Thanks, Russ for making this a great experience from beginning to closing."
- Dianne C., Quail Creek
"Russ was perhaps the best Realtor I’ve ever had the privilege to work with. Always accommodating and very responsive … he guided me thru a maze of unusual issues selling my home and we closed right on time at the price I hoped for. I wouldn’t even consider anyone else if I had a home to sell, and I would urge you not to pick a realtor without at least meeting with Russ first."
- Patsy V., Quail Creek
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and Quail Creek resident. Whether you’re buying or selling a home in Quail Creek, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

This site is not affiliated with Robson Communities or the Quail Creek Country Club Property Owners Association.
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