Litchfield Park Short Sale Specialist
By Cinda Rose, Your Goodyear Area Real Estate Expert!
(Realty ONE Group)
Short Sales are all you hear about in the Litchfield Park, Goodyear, Avondale and Buckeye area's. A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved. But to be technical, here's a more official definition: 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'...
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