Short Sales and Foreclosures
The Long Realty Short Sale Resource Center provides you helpful information on short sales, the short sale process and how to search for short sale properties. Articles are provided by the Long Realty Short Sale Resource Group, a collaboration of Long Realty agents and managers with an expansive knowledge of short sales.
The "Short Sale" in a Market Recovery
While the housing market has shown strong signs of recovery over the last couple of years, many homeowners are still “underwater” and facing monthly financial difficulty in paying a debt that is greater than the value of their home. The decision to pursue a “Short Sale” is a difficult one and should be carefully considered with other options. Read full article
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Short Sales and Bank Owned Properties
“Short sales” and bank owned properties can present buying opportunities. Be aware though that purchasing these types of properties will require additional approvals from the property owner's lender(s), and therefore often lengthen and complicate the transaction process.
Short Sale / Pre Foreclosure
A “short sale” is a real estate transaction in which the sales price is insufficient to pay the loans(s) encumbering the property, in addition to the costs of sale, and the seller is unable to pay the difference. The approval of the seller’s lender(s) is required for the sale to proceed.
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Foreclosure / Bank Owned Properties
The legal process by which a lender or creditor exercises its legal rights to sell the property which was security for its loan at public auction and the owner's rights are terminated. Bank Owned Properties are those properties where the property was acquired by the former owner's lender after such an auction.
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New Listings of Arizona Foreclosed Homes
Before using this service, consider the following information. Long Realty Company is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.
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