Is this house a short sale or forclosure?

Asked by Stephanie, Phoenix, AZ Tue May 12, 2009

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Stew Keene, Agent, Scottsdale, AZ
Tue May 12, 2009
Hi Stephanie,

Let me provide a little bit more info for you.

This is a Short Sale all right, but it's under contract for purchase.

There are numerous short sales being offered now that banks are actually willing to deal on and it appears from my "hands on" experience writing contracts that they are responding a little faster now.

Bank Owned homes are selling quickly and usually with multiple offers depending on the price and area.

We have really hit the ground running with record numbers in the last 2 months here for pending sales and closed sales as the inventory continues to drop.

So, I hope this information helps you at least a little bit in understanding what is happening here in the Phoenix area.

Thanks for posting here on Trulia and good luck in your house hunting!


Stew Keene
Signature Realty Group
2008-2009 Master of Real Estate Award
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Scott Clayton, Agent, Tempe, AZ
Tue May 12, 2009
This home is a short sale. I would be happy to set you up with an automated MLS search including or excluding short sales or foreclosure homes. There's also great bargains on resale homes.

AZ's Rebate Realtor
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