This announcement came out today:
“The Arizona Association of REALTORS ® (AAR) is pleased to provide the Arizona Department of Real Estate (ADRE) Short Sale Seller (SSS) Advisory. The SSS Advisory was developed to provide reliable sources of information to potential short sale sellers about the issues and risks involved in a short sale situation. The SSS Advisory explains why certain issues may be important and directs potential sellers via hyperlink to sources of additional information and resources. The SSS Advisory is divided into three general sections: (1) Before Proceeding with a Short Sale; (2) Options other than Short Sale; and (3) Short Sale Considerations.”
If you or anyone you know is considering a Short Sale they should read this document.
This is a helpful document for home buyers. There is too much ambiguity and false rumors about short sales.