Scottsdale Short Sales

Scottsdale Az short sales make excellent buys for new homeowners. A short sale occurs when the amount owed on the property is more then the home is worth. The bank will agree to take a loss on the mortgage. It will depend on many things. It might be better for the mortgage lender to take a short sale then to have the home go into foreclosure. The lender will make the final decision on whether it will let the house be sold under the amount of the mortgage. The home owner will save their credit and at some point go on to buy another home. It is a good situation for the buyer and the seller.

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