There are a few things going on with Arizona short sales. It’s important to know where you are getting your information from. The mainstream media sometimes gets it right but most of the time they get it really wrong. This is no different with the Arizona short sale market.
There aren’t any special rules for the short sales in the White Mountains. It doesn’t matter if you live in Gilbert, Phoenix, Mesa or Scottsdale. It is what it is. The process is the same no matter where you live. From what I can see, most people don’t even know that a short sale is even an option for them. In talking with people who have lost their the homes, most of them would have done a short sale if they knew it was available.
A lot of the blame falls on the banks and mortgage servicers on these loan but some of the blame has to fall on us as Americans and Arizonans. It is imperative to BE INFORMED!!! Even some agents aren’t informed either. Agents who take on short sale listings but don’t know how to get them done are hurting the market and their clients. Now, I don’t have a problem with real estate agents who take on short sales, where I have a problem is when agents take a short sale, knowing that it won’t go through but they just want the buyers that are associated with the sell and the leads that are calling on the yard signs. BE INFORMED people!!!
As you will see in the video things have changed and will continue to change in the short sale world and if you don’t specialize in short sales then you won’t be up-to-date on what’s going on.
Be empowered in your decisions. Don’t make them blindly. If our team can do anything to help you please don’t hesitate to contact us by filling out the form or simply calling us.