I am a short sale specialist in this area and have met with several clients that are upside down with their mortgage. They have discussed letting their home go back to the bank. In fact, I know of a single homeowner that bought several homes for investment and now they are in bankruptcy...so most definitely these homes will be for sale with the bank as an "REO" or "Bank owned" property. I have the addresses and I am waiting for them to be listed any day now. So I know there are foreclosures in Heritage Highlands or better yet pre-foreclosures. I have a website that will be launched 12/22/09 dedicated to foreclosure list of homes for sale. Let me know if you would like to me send an email about the launch.
Kathy Vallee, Certified Distressed Property Expert, CDPE
Oro Valley-Marana, AZ