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

Foreclosures, Bank Owned and Short Sales

A good deal is not without risk

Foreclosures and Short Sales can be a good deal but not without riskMany people think that going after foreclosures is a good way of getting a good deal. It can be. But it can also be a risky purchase, and tough to even buy one.

Purchasing a foreclosure before it hits the open market (at an auction or Sheriff sale) requires that you take on all risk. Oftentimes you can’t even see inside the home before you make an offer. Plus, you have a very short period of time to come up with proceeds if you successfully win the bid.

A better way to go after foreclosures is to focus on those the bank (or other lender) recovered and put on the open market. We can certainly consider those. At least we’ll be able to get inside and see the home. However, they’re typically sold in “as is” condition, and the seller will likely not do any repairs or credits for anything you find wrong with the home.

This applies to “short sales” as well. These can also be a way of getting a good deal, but you also will likely have to accept the property “as is.” However, an offer on a short sale can also take weeks or months to be approved, if at all. So you need to be patient if you decide to pursue a short sale.

With all of that said, just because something is a foreclosure or a short sale doesn’t mean it’s necessarily a “good deal.” It depends on how much you can get it for, how much work or renovation is needed, and risk you have to take on.

So if you’re interested in a “distressed” property (the industry term for foreclosures, bank owned and short sales), we’ll add them to the mix. Just make sure you approach it with eyes wide open and know what you’re getting into — and only as long as the deal is good enough to make it worth your time, effort, and financial risk.

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 did a great job on taking us through the process of purchasing our new home. He is an excellent Realtor who smoothly managed our purchasing requests with fellow agents. He knows what needs to be done and worked hard to keep the process on track. He also used his list of resources to schedule home and pool inspections in a timely manner. Russ also walked us through the more challenging action of acquiring the sellers solar panel loan; a potentially lengthy process. Also, Russ was easy to contact and always got back to us immediately with accurate answers to our questions. His use of technology to officially sign documents was extremely helpful. Based upon our statement of needs, Russ was able to take us to homes that we felt would work well for us. My wife and I both highly recommend Russ Fortuno as an agent for any home buyer in the Green Valley and Quail Creek area."
- Wayne D., Quail Creek
"We found Russ to be an excellent Realtor. He was so easy to work with, very professional and thorough. He was always prompt to respond to our calls and emails. We were a bit nervous at first, because we were out of town buyers, but Russ quickly put us at ease. He sent us many potential prospects but he was never pushy. It was so nice to work with someone so honest. We would highly recommend using Russ to anyone who was looking to buy or sell."
- Linda 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