According to the Arizona Department of Real Estate,
A short sale is a real estate transaction in which the sales price is insufficient to pay the loan(s) encumbering the property in addition to the costs of sale and the seller is unable to pay the difference. A short sale involves numerous issues as well as legal and financial risks.
As your Real Estate Agent, we have six main goals when supporting you in a Short Sale transaction.
1) Set the highest possible market price
2) Obtain an offer from the buyer
3) Submit a completed package to your lender
4) Help you negotiate acceptable terms with your lender
5) Close your transaction
6) Assist you with finding a rental, if applicable
There are many hardships that that can turn home ownership from a joy into a burden. We want to assist with this process with the least amount of stress on you as possible.
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