Tag Archives: tucson short sales

Tucson real estate : Short sale debt relief extended, let’s all take a breath…

Posted on January 3, 2013 by Lisa Bayless

Time to exhale…Congress passed the The American Taxpayer Relief Act of 2012 (Sec. 202) which extends the Mortgage Forgiveness Debt Relief Act through December 31, 2013. Continue reading →

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Tucson Real Estate : Short sales, buyer beware…

Posted on October 11, 2011 by Lisa Bayless

A short sale is when the list price of a home falls short of the amount owed against the home (mortgages, liens…). The property owner cannot afford to repay the full amount owned on the home and the debt holders agree to release their lien on the home and accept less than the amount owed on the debt.
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Tucson real estate : Some short sales actually do close quickly…

Posted on September 5, 2011 by Lisa Bayless

Wow, I’m impressed! A short sale in the luxury gated subdivision of Sin Vacas (near Skyline & Campbell) closed less than 60 days after it went on the market for its full list price. This beautiful home, listed for $598,000 went under contract 4 days after it was placed on the market. It closed less than 60 days later for $598,000! Impressive for any sale; amazing for a short sale Continue reading →

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