All indications point that we will see less REOs (Real Estate Owned, foreclosure) and short sales in 2013, both were down in 2012. FYI, as an experienced Realtor with 6 years experience selling Tucson real estate, not all REO or short sales are "good deals".
If you are interested in buying real estate, first thing I recommend is get pre-approved with a local lender. You can't really even make an offer on a REO without a signed pre-qual (which replaced the LSR last year). Next, find a local Realtor to help review your search criteria and see what is available. If you are ok with all the caveats (PLURAL) that come with making an offer a REO (for example "As-Is" addendum, no SPDS, no CLUE and etc) or ok waiting up to 6 months for a short sale, include them on the list. View all the properties that meet your search criteria and find the right property for you.
Kindly click on my profile to read about me, my work history, and 56 reviews written by past clients so you can see what kind of agent I am. Call with any questions or concerns.
Spirit Messingham, PLLC
3rd Generation Full-Time RealtorÂ®
Tierra Antigua Realty
Direct (520) 471-6900