chicago short sale condominiumI am seeing more and more short sale listings as 2008 continues on it's slow course in Scottsdale real estate sales.  These listings are competing with the many other real estate listings that are being sold by home owners that want or need to move.  In some cases short sale prices and foreclosures are now being used as comparables by appraisers.  I've been on both ends of short sales.  I had a short sale listing and have presented buyer offers to several short sale listings.

I will talk about my short sale listing that was a Scottsdale condominium for sale.  This unit was owned by an out-of-state seller that had only seen the condo once.  It was a family investment and a divorce caused the need to sell.  This condo was only a few years old.  There had…

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