Pre-Foreclosure Sales (Short Sales) increased in Arizona year over year in 2011. These sales increased 48% in Arizona from 2010 to 2011. Nationally the average price of these pre-foreclosure homes is 21% below the average sales price. While Short Sales can seem to take a long time to get approved the deal you may be getting could be worth the wait. At Help-U-Sell Central Properties we received an approval on a short sale with 2 lenders just last week in just 35 days from the time we submitted the offer to receiving the approval letter. This means the buyer will close the deal in just 60 days on a Short Sale!!! If you are considering a short sale make sure you interview the agent and know they have worked with your lender before and are experienced!!
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