Arizona will be the 1st of 50 states out of the woods on short sales

USA article last week indicated Arizona will be out of the woods regarding short sales and reo properties with one year.

We normally have 45,000 for sale in Maricopa County...today 19,000. We close over 9,000 homes a month. Inventory is less than 4 months.

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Comment by obed montez on November 17, 2011 at 8:36pm: Does that mean there is no more interest adjustments to set next year?

The way it sound is that no body will be upside down on their home value after next year.

If that is so than the other states will follow just because the work load will be less for the banks

Comment by Phil Putnam on November 15, 2011 at 4:35am: Denice,

Can you post a link to that article, I can't find it and I wiould like to read it! Thank you!

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