We need to be realistic. In this market there is no such house for $40K. In fact in all of central AZ, there is no such house.
Raising the price up to $60K finally you can get a 1000ft house build in 1986 well out of side of Maricopa on about 4 acres. Given this is a short sale, the seller;s bank may still want more money, but it is worth a try.
You will need to get a loan for the difference if this meets your needs. I can suggest a lender that might be able to help based on the facts you have provided so far..
Central AZ Real Estate
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