May 28, 2011
When looking at properties for sale listings in the Greater Phoenix Real Estate area they are identified as being a short sale, a pre-foreclosure short sale, a lender owned home ( foreclosure) or as n/a (not applicable) which means that it is a regular everyday sale by the owner. Several listings are identified as a [...]
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June 28, 2010
A short sale is a transaction between a buyer and a home owner whereas the proceeds from the sale will be short of paying out the lienholder(s). Because property values dropped on average about 50% in an 18 month period here in the Phoenix area the overwhelming majority of home owners owe more than the value [...]
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