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Short Sales Information

Short sales have become a fact of life in the current housing market.  The percentage of closed transactions that are short sales has been steadily increasing month by month for the past few years.  Sadly, this means more and more homeowners are facing hardships and are opting to sell their homes for less money than they owe the lender.  However, it also means that lenders are gradually improving the process so that the short sale can be successful and the homeowner can move forward.

Click on the links below for more information about short sales and other options available to you. 

• Short Sales Information for Sellers
• Short Sales Information for Buyers
• The Mortgage Forgiveness Debt Relief Act & Debt Cancellation
• www.MakingHomeAffordable.gov
• Arizona Foreclosure Information Workbook 

   

 Note: This article provides general information only. Information is not provided as advice for a specific matter. Laws vary from state to state. For advice on a specific matter, consult your attorney or CPA.