The Short Sale Seller Advisory is a Resource Provided by the Arizona Association of Realtors®
What is a Short Sale? A short sale is a real estate transaction in which the sales price is insufficient to pay the loan(s) encumbering the property in addition to the costs of sale and the seller is unable to pay the difference. A short sale involves numerous issues as well as legal and financial risks. This Advisory is designed to address some of these issue and risks, but does not purport to be comprehensive.