Tucson Bank Foreclosures Are grounded!

Seems like Tucson bank foreclosures
are here to stay and the state of Arizona is going for the long haul.
Arizona has not seen better days in the last couple of years with more
and more homeowners defaulting on the sub-prime mortgages and more and
more bank foreclosures
being listed for auction. One man’s loss is another man’s gain because
where a homeowner is losing the home an investor is buying it through
the auction. But lately, even the rate of buying through auctions has
taken a fall. Foreclosure properties in Tucson are being auctioned from
anywhere between $10,000 for 2bed/1bath to $180,000 for 3bed/2bath
homes. The average sales price through auctions of foreclosure homes in Arizona is around $186,648 as compared to the median home price, which is $293,478.

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