Short Sales in Ahwatukee - Ahwatukee Short Sales for Sale - Ahwatukee Short Sales
By Zenja Darabnia, ABR, SRS, RSPS, Arizona Real Estate Matchmaker
(RE/MAX Solutions)
Short Sales in Ahwatukee - Ahwatukee Short Sales for Sale - Ahwatukee Short SalesShort Sales Explained:A homeowner is 'short' when the amount owed on his/her property is higher than current market value.A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.The amount of active Short Sales in Ahwatukee is Overwhelming, to say the least, so where do you start the search? When purchasing a Short Sale, you need to be aware of the process and have to have the patience to wait for Short Sale Approval. Waiting longer than what a traditional escrow averages is nothing compared t...
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