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What Is a Short Sale?
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A “short sale” is an agreement with your lender to accept less money than they’re owed as full payment for your loan.  This solution often makes sense when you owe more than the property is currently worth.  Basically, you cannot sell your home traditionally because you have no equity to payoff your loan(s) and cover your closing costs!
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Why Use Smart AZ Realty to do a Short Sale?
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Smart AZ Realty has a deep knowledge and expertise in the short sales and foreclosed properties market.  We can assure you that we are on top of your lender every step of the way.  We will work with the bank to get a lower pay off on your loan approved.  This benefits the bank because it saves them from having to go through the expensive and time-consuming process of a foreclosure.  Further, it helps you save your credit from having a foreclosure, which can be as damaging as a bankruptcy.
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Does My House Qualify?
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If you are behind on payments, can show a financial hardship, owe your lender(s) as much or more than your house is worth, then you may qualify for a short sale. 
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So, Its That Easy?
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Short sales are very difficult and time consuming.  They require a lot of negotiating skills as well as patience. Lenders will always try to mitigate their loss and might not always be completely honest with their clients. Without having a deep understanding of the process and your rights as a consumer it will not be on your best interest to try to negotiate directly with them. It will be like representing yourself at a trial, without understanding the law or your rights!
Unfortunately, as part of the short sale agreement, the lender prohibits you from receiving any “sales proceeds.”  In other words, you cannot receive any money out of the sale of your house.  However, we can give you the peace of mind knowing that we are working in your best interest.  There are other rules that you must understand that come along with a short sale.  Please request a free consultation to learn more about short sales and other options you might have.
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Equal Housing Opportunity