Short Sale Deals in Gold Canyon East AZ abound. It seems that practically everywhere you turn, there are Homes for sale that are Short Sales.
What is a Short Sale? If a homeowner owes more than their house is worth & has to sell, they have to negotiate with their bank to allow them to sell it for the lower figure, (current market price, usually less a little). The difference between what they can sell it for & the original loan, is the short fall, thus the term "Short Sale".
The buyer advantage is that they can buy a house for a little less than the market value, hopefully in better condition than a bank owned home, & in a location that fits their needs. There is a wait time for the bank to negotiate, but there is a wait time for a new construction home too, & you don't get as good a selection on location, or the opportunity to buy for less than market price.
See Great Short Sale Home Deals in Gold Canyon East at www.mls4GoldCanyonEast.com
Many of them are Short Sale Deals waiting to happen!
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