Yes, foreclosures could start popping up sometime early next year in those non-judicial states before others, but depends on the results of the vaccine, if they are satisfactory then we wont see a big wave of foreclosures, only those that couldn't survive, for which we will have a big army of hungry investors outbidding each other in a low rate environment. 

I have mostly looked east of Central Ave and South of Indian School Road and I work downtown.Any advice?

It appears your loan was set up with a three month interest only period, then converted to the 15 year 15/1 ARM.  I

I only recently returned home to Arkansas after serving in the Army for a few years.

My wife and I are active duty Army officers and are currently stationed in North Carolina.

You must understand that South of our Border, you are dealing with uneducated, poor people, who have no way to make good money working, unless they steal. 40 years ago, my retired Commisario friend in Buenos Aires, during the "Dirty War," told me not to buy an apartment because when I come back from the States there will be a General in the Army living in my property.