Community Property Type Price Min Price Max Beds Baths

“Hi, we’re not happy with our condo anymore, so we’d like to short sell it.”

I experienced what for me was a Phoenix real estate ‘first’ today.

 

I was asked to help short sell a property of a married couple with “perfect credit” and no delinquent payments to any creditors.  To further complicate matters, a tenant is moving into the vacant property, thereby creating additional revenue.  They claimed their expenses exceed their income, thus a case could be made for hardship.  Unfortunately, in the eyes of a lender, perfect credit + no delinquencies = no hardship.

 

It would not be ethical for me to take a listing that I don’t believe is sellable if the owner’s expectation is that it will be sold, nor would it be right to represent a property as a short sale when it won’t qualify.  I declined the opportunity.

 

Might it turn into a viable short sale prospect in the future?  Sure, at which time I’ll be happy to help get it sold…

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