Whether vacant land or any other property qualify for a short sale will be decided by the lender. You will need to call the lender, provide them with the information so they can review and decide if you qualify for short sale. They generally require you to provide hardship letter, income statement, pay studs, 1040, recurring expenses, debts, ..etc.
If they say yes, then it's a yes.
What is it and what do you want for it? I am looking to invest in Arizona in General. Could you offer some info and contact Phone or email??
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Sometimes prices are increased because the listing agent got an approval for a short sale listing and the listed price was too low so it needed to be adjusted.
Let me know if you need any help finding a home.
Solutions Real Estate