Tucson real estate : Catalina Foothills short sale under contract twice and unable to close

Tucson real estate : This Catalina Foothills home is a short sales, listed at $549,000 and has been under contract twice this year; in March and June. Of course, it is back on the market and seems unable to close.

The home has two mortgages from two separate lenders.

Buyers be warned. It is challenging to close a short sale, especially when more then one lender is involved. Before you put in an offer on a short sale, and invest your time and money, make sure the lenders have pre-approved the home’s sale and list price.

Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana real estate home sales.

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