Arizona Real Estate Page
- $795,000 :: 5431 E Rockridge Road, Phoenix AZ, 850183 beds, 2 bathsHome size: 2,666 sq ftLot Size: 82,764 sq ftAdded: 03/05/10, Last Updated: 03/09/10Property Type: Single Family – Detached, ResidentialMLS Number: 4350420Tract: Highlands Great opportunity for a light bright view home on Camelback Mountain on over an acre for under $800,000! This home is in original condition and is ready for updating or add […]admin
- $695,000 :: 8449 N 15th Street, Phoenix AZ, 850204 beds, 4 bathsHome size: 3,005 sq ftLot Size: 24,000 sq ftAdded: 03/08/10, Last Updated: 03/09/10Property Type: Single Family – Detached, ResidentialMLS Number: 4351747Tract: CUSTOM- HILLSIDE Fantastic Hillside Location- Beautifully situated on secluded Hillside location with quiet cul-de-sac Elevated with city views of downtown phoenix skyline. This 4 bedr […]admin
- $624,900 :: 3441 E Desert Broom Way, Phoenix AZ, 850445 beds, 3 bathsHome size: 5,559 sq ftLot Size: 18,000 sq ftAdded: 12/19/08, Last Updated: 03/08/10Property Type: Single Family – Detached, ResidentialMLS Number: 4090487Tract: Canyon EstatesThe price of this listing was last reduced on 3/1/2010 by 3% IF YOU NEED A HOME THAT GIVES YOU PLENTY OF SPACE AND ROOM FOR EVERYONE TO HANG OUT, THIS […]admin
- $615,000 :: 5810 N Echo Canyon Lane, Phoenix AZ, 850182 beds, 2 bathsHome size: 2,316 sq ftLot Size: 7,500 sq ftAdded: 12/05/08, Last Updated: 03/08/10Property Type: Single Family – Detached, ResidentialMLS Number: 4082437Community: Echo CanyonTract: Echo CanyonThe price of this listing was last reduced on 3/8/2010 by 5% ** DRASTICALLY REDUCED from original price of $897,000!! ** Exclusive guard-gated Echo Cany […]admin
- $570,000 :: 22647 N 54th Place, Phoenix AZ, 850544 beds, 3 bathsHome size: 2,816 sq ftLot Size: 24,000 sq ftAdded: 04/02/09, Last Updated: 03/08/10Property Type: Single Family – Detached, ResidentialMLS Number: 4153255Community: Desert RidgeTract: Desert RidgeThe price of this listing was last reduced on 3/8/2010 by 5% This home is truly special…. Please bring your buyers who want a stunning single level […]admin
AZ Lake Properties
- $775,000 :: 40023 N 110th Place, Scottsdale AZ, 852623 beds, 3 bathsHome Size: 2,454 sq ftLot Size: 7,500 sq ftAdded: 01/17/09, Last Updated: 01/27/10Property Type: Patio Home, ResidentialMLS Number: 4105723Tract: DESERT MOUNTAINThe price of this listing was last reduced on 1/27/2010 by 11% ***NOW A SHORT SALE***Bring Offers***Unbelievable price for this COMPLETELY RENOVATED AND UPGRADED Apache Cottage – sweep […]
- $749,900 :: 17894 N 95th Street, Scottsdale AZ, 852555 beds, 4 bathsHome Size: 4,212 sq ftLot Size: 12,500 sq ftAdded: 06/15/09, Last Updated: 01/27/10Property Type: Single Family – Detached, ResidentialMLS Number: 4190963Tract: DC RanchThe price of this listing was last reduced on 11/18/2009 by 6% This luxury Tuscan style home is situated on an oversized lot in the prestigious gated community of DC Ranch. [.. […]
- $799,000 :: 28648 N 108th Way, Scottsdale AZ, 852624 beds, 4 bathsHome Size: 4,517 sq ftLot Size: 18,000 sq ftAdded: 10/10/09, Last Updated: 01/27/10Property Type: Single Family – Detached, ResidentialMLS Number: 4271238Community: Troon NorthTract: Candlewood Estates at Troon North Unit 3 The Best Bargain in Candelwood, priced to sell at $177/sq ft. On over 1/3 of an acre this 4 bedroom, 3.5 bath [...] […]
- $795,000 :: 10259 E Nolina Trail, Scottsdale AZ, 852623 beds, 3 bathsHome Size: 3,150 sq ftLot Size: 0 sq ftAdded: 04/21/09, Last Updated: 01/27/10Property Type: Single Family – Detached, ResidentialMLS Number: 4160807Community: Desert MountainTract: Desert MountainThe price of this listing was last reduced on 1/27/2010 by 6% Let’s take it to the BANK! Just reduced to 795K without the golf membership- beautiful […]
- $703,000 :: 11363 E La Junta Road, Scottsdale AZ, 852554 beds, 5 bathsHome Size: 4,372 sq ftLot Size: 15,000 sq ftAdded: 04/09/09, Last Updated: 01/27/10Property Type: Single Family – Detached, ResidentialMLS Number: 4155050Community: TroonTract: Troon VillageThe price of this listing was last reduced on 1/27/2010 by 1% APPROVED…APPROVED….SHORT SALE !!!Perfect entertainers home with views all around. Very priva […]
CAT | Short Sales
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Length of short sales
0 Comments | Posted by Daniel Reynolds in About Short Sales, Arizona Real Estate News, Buyer Information, Flipping Homes, Short Sales
Short sales take anywhere from 8-12 weeks from start to finish. The process can be very long not always as easy as the listing agent might say it is. The fact is, there are many items that must be completed by the owner for the lender to start a short sale file. First the owner must complete a short sale packet and mail it into the lender with financial statements proving the owners cannot afford the property. Next they must List the property with an agent.
An Agents job in a Short Sale
The agent must then complete a Broker Price Opinion on the property. Once that’s done, the lender has to sign off on the listed purchase price. The lender can say no and request another BPO or cancel the listing agent and request another agent list the property. We advise all our buyers to stay away from short sales, unless they can wait 3 months to receive the first initial response from the lender.
Short Sales are not always accepted at the listed price
Even if the owner accepts a short sale price, the bank has the final say so on selling it for that price. Investors, and buyers should be looking at bank owned properties instead. These properties can close fairly quickly and most are listed at below market prices.
