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Arizona Short Sale Tip: This Won’t Empty Your Pockets!

by Charlie Allred

Arizona short sales are simply a technique to help you avoid real estate foreclosure… And, probably the most common questions I’m able to recall getting from people either considering a short sale or even just beginning the short sale process is that of cost.

Well, the good news is that an Arizona short sale procedure does not require any payment for services beyond what would be considered normal in a real estate transaction. Now, there is no legal precedent for what normal commissions are, yet typically it is 6% paid by the seller.

So just know that a short sale is an arrangement between you and the lender in which they accept less than the loan amount for payment. A realtor performing the short sale can be compensated just like they would in any other normal sale. They can be paid using the proceeds from the transaction whatever payment they are due. So, its really a attractive option for an individual in a tough spot financially in that you will not have to “pay more” for the program.

Aside from the extra paperwork and negotiations necessary to bring the transaction towards a close, on the outside looking in it will appear to be a normal sale. So you need not concern yourself with needing to produce extra cash to pay for an Arizona short sale… Bear in mind, the commission is treated very much like almost every other normal realty transaction.

Learn more about Arizona short sales and foreclosure today!

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