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Flagstaff-Sedona Coconino County
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Old 09-21-2012, 10:20 AM
GLS GLS started this thread
 
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Has anyone out there been through a "short sale" for a house in the Clarkdale, Sedona, or Verde Valley area? I know these take time, but I need info on the specifics of the process. I made an offer on a property and instead of a written counter, the realtor of the bank just sent a letter asking my realtor if we were willing to go up in price. Are verbal offers or letters trying to cajole us into a higher price before the bank is even contacted the standard process? Also, they say there is a mysterious "investor" in the shadows that the realtor says may not accept the offer even if the bank does.

We have only dealt with regular home sales and firm written counter offers in the past. Is this the "standard of practice" in Arizona, or are we getting hustled? This is a big life decision so thank you in advance for any help you can offer.
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