Blog by Tomi (Tomyal Emptage)

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Arizona Banks Allowing More Short Sale Rather Than Foreclose On Homes

Arizona banks are approving more short sales rather than foreclosing on properties.  This is a very good thing for the Phoenix market.  Short sale homes typically sell at higher prices than bank foreclosed homes, at auction. This trend will hopefully push the sales prices up in Phoenix and result in fewer homes sitting vacant.  

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