With a majority of sellers in my local markets of Avondale, Goodyear, Glendale, Litchfield Park, and Surprise, Arizona "upside down", this is a question I am often asked. There really is only one answer for families in this situation...a "short sale." A short sale is an agreement where the lender on the property agrees to accept less than the full balance owed on the mortgage. Short sales are complex transactions that typically take 4-8 weeks to complete and require an experienced (and persistent) Realtor to manage. I have previously written several blogs about how to complete short sales which can be read here: Short Sale Blog Why should homeowners consider a short sale? There are a number of reasons to consider a short sale. For example, if you need to sell as the result of a job relo...
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