Bank Approved Short Sales In Phoenix

Bank approved short sales make the 'short' of short sale a reality, at least for the party who takes on the listing at this stage.

Phoenix short sales a notorious for being precarious unpredictable creatures - at least time wise, making them difficult to pursue for those who have strict guidelines on when to close and move into a home.

That's where 'bank approved short sales' become attractive. These are simply properties that were under contract and have gone through the time line and process of approval - which could be a month or six months and the buyer for some reason pulled out and there was no back up offer.  Some of these could also be part of the nearly failed HAFA program.

At the time of writing there were some 300 such homes in all price ranges throughout the valley. 

When a buyer steps into a bank approved short sale he/she is able to pretty much purchase the home as a normal sale with the standard closing times. There are a few caveats though: things like trustee sales, changing market conditions can get in the way.

The only way to search and view bank approved short sales is to scour the Phoenix public, semi-private and private remarks on the mls system.  Since the latter two are not accessible and none are really searchable by the public you'll need to let us know the type of product you want and we'll create a custom exclusive search for you, that will delver such properties to your email as they become available. We do this for our clients or future clients only.