arizona short sale lawyer: If you are considering short sale of your Arizona home, consider whether you need to see a Phoenix Short Sale Lawyer - 03/21/10 12:25 PM
<!--StartFragment--> We are getting more and more calls from people who have decided to give up on the hopes of principal loan balance reduction (we have always told people principal loan balance reductions are like a bigfoot sighting) and instead seek to short sell their property letting the bank deal with the property, especially where the stubborn bank (that got their bailout) refuses to help the homeowner save their home by providing a reasonable and meaningful loan modification. Now, in the context of shot sales, there are a few things to consider: (1) Will you be liable for a deficiency judgment
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arizona short sale lawyer: Shorts sales and deficiency judgments.....a basic overview - 03/14/10 08:28 PM
Understanding the Short Sale Process and Deficiency Judgments - A General Overview By Real Estate Attorney Steve Vondran. Our firm currently handles Real Estate, Foreclosure, and Chapter 7 Bankruptcy cases in California and Greater Phoenix Arizona. We can be reached at (877) 276-5084 or steve@vondranlaw.com Sign a listing agreement between the real estate agent and the homeowner. Typically the listing agreement will be for 6 months, and will list the commission as 6%. A 60 day “broker protection period” is also a good idea to protect the short-sales agent. The Property then needs to be listed in the local MLS. Once the listing agreement
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