Quail Creek Homes | Russ Fortuno, Tierra Antigua Realty
Register Login (520) 333-0446
  • Bloglovin
  • Email
  • Facebook
  • LinkedIn
  • YouTube
  • Home
  • Homes for Sale
    • All Active Listings
    • Floor Plans
    • Homes w/ Pools
    • Single Family / Detached
    • Villas
  • Community Info
  • Amenities
  • Buyers
  • Sellers
  • About
  • Blog

Blog

Articles Tagged: Short Sale

Home Buyers Guide Out-of-State Buyers

‘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

New Listing

NOTIFICATIONS

  • Email Alerts for New Listings
  • Save Your Favorites
  • Schedule Showing Requests
  • Price Change Notifications
  • Plus More…

Sign Up

What’s Your

HOME WORTH?

Find Out

Client

TESTIMONIALS

"Above & beyond! Russ is the consummate professional. His knowledge and expertise of the market are spot on. His marketing and attention to detail were perfect. He made sure every showing had all the information and detail our house had to offer. I highly recommend anyone looking to sell their home to trust it in the hands of Russ. "
- Janet A., Quail Creek
"Russ Fortuno is our trusted choice for real estate. After selling our house, we hoped to find a new home in Green Valley. Russ came highly recommended to us. It was a very stressful time, as we felt time-crunched, but we rested more easily, with Russ on our side. His experience in this market, knowledge of the area and insight into what we needed and wanted in our future home really gained our trust. It was also helpful that he has a calming demeanor! We found the perfect home for us, thanks to Russ. What a blessing!"
- Mike and Linda S., Quail Creek
"Russ had it “right” from our first meeting to evaluate the market and the sale of our home. His expert professionalism guided the entire process. Clear and frequent communication was very helpful. He is low key, yet very present when needed. We could not have had a better experience with a different Realtor!"
- Jack M., Quail Creek
View All

Listing Notifications

Sign Up! New listings delivered to your inbox!
Sign Up Now

Stay Connected

  • Bloglovin
  • Email
  • Facebook
  • LinkedIn
  • Phone
  • YouTube

agent photo

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.
© 2025 Russell E Fortuno PLLC, All Rights Reserved. ADRE BR658088000   •   Privacy