Well, today the House approved the tax credity extension to give home buyer's until September 30th to close on eligible properties and still qualify for the home buyer tax credit. The current deadline requires buyers to close by June 30 (tomorrow)
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This article was sent to me by Stewart Title of Sedona. I found it very informative for any seller in Sedona who is faced with either shorting or foreclosing on their home and the legal implications that may follow. So I hope you find it helpful- Enjoy
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As far as our Sedona Real Estate Market is concerned - I feel sorry for seller's. I do. It's hard being a seller today - trying to sell your home in Sedona with all the competition and with foreclosures representing only 7% of the active listings
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THE DEFINITION OF A SHORT SALE 101 - SELLER OWES MORE THAN THE HOUSE IS WORTH AND HIRES A REALTOR TO LIST THE HOUSE AND SOLICIT AN OFFER BASED ON THE CURRENT FAIR MARKET VALUE OF THE HOME. OFFER COMES IN AND SELLER PROVIDES FINANCIAL, OR MEDICAL DOCUMENTATION
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