Sell Your Home by Short Sale in Arizona

We've compiled some of the most commonly asked questions and provided answers.

We've created a basic step by step guide for those considering a short sale of thier home.

Shorts sales are done when the value of your home is less than what you owe to your lenders. Before you contact your lender its a good idea to know the current market value of your property. We are happy to research your neighborhood and give you an approximate current market value. There is no obligation and we do not charge for this service.

If you want to take a look at some of the forms you'd be using if you move forward with a short sale, you will find them here.

Short sales are a VERY different form of real estate. Your agent needs a lot of experience and special training to do the job right. Take a look at the qualifications of the Urban Team.

Attorney Margaret Steiner has written this article to give you more information about Arizona's anti-deficiency laws and how you can use them when negotiating with your lender.

When you sell your home as a short sale you will be asked to sign the Short Sale Adendum to the Listing Contract. The following page provides a video overview of the addendum.

We get a lot of people asking what in the heck does anti-deficiency mean and how does it effect someone doing a short sale.... here is the answer.

The Arizona Department of Real Estate has created a document called the short sale advisory. this document provides a variety of information and cautions to someone considering selling their home by the short sale process. It has lots of links to provide even more content.

Equity Title, a Phoenix area Title and Escrow company, has created a short sale guide that has a lot of information for the home seller or home buyer in a short sale transaction including a FAQ area and definintion of common terms.

Here is a brief article we wrote for our real estate blog site, www.urbanlifeblog.com, discussing some of the reasons short sales take so long to negotiate.

Matthew Vernon, the new director of short sales at Bank of American has implemented many policy and proceedures intended to make the process much easier for distressed home owners. This article provides links to the the B of A short sale web site and information about the process.

This is an article from a local law firm that specializes in short sales and mortgage modification. This is an important read!

An article that explores the difference between a foreclosure and a short sale in Arizona

As of April 2010, many short sales must be done through the government's HAFA program. In this article we explain the program and many of the requirements and guidelines.

We have provided a copy, in MS Word format, of the short sale agreement letter used with the Government's HAFA program in AZ.

Our fiends at the Mortgage Mediation Group at Thomsom Law PLC just sent over this article on short sale and bankruptcy. The information is important to read if your doing a short sale and may plan on a bankfuprcy in the future.