Did you know there are short sales where you don't even have to default on your mortgage payments? Most of the time banks will negotiate a short sale if there is a great risk of "imminent default". Essentially that means that the loan is not yet in default, but has a high probability of soon falling into default. Buyers are seeking short sales listings on homes in these cities: Goodyear, Litchfield Park, Surprise, Avondale, El Mirage, Buckeye, Glendale and Peoria.
If you know someone that is considering a short sale, let me know!
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