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What is a short sale?

An Arizona real estate short sale is a negotiation between a homeowner and their mortgage lender to accept less than they are owed for an outstanding loan. Basically put, a short sale is used to stop the foreclosure process.

Currently, 1-of-3 Arizona homeowners owe more on their home than it is worth and can't afford to make payments anymore. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided and your financial future can be salvaged.