Do you need an attorney when selling a home short in the Sedona AZ Home Market?

Posted By Barbara Baker @ Jan 21st 2011 6:30am In: Sedona Real Estate

So you have hired the right agent to sell your Sedona AZ Home for sale as a short sale.  You have a contract.  It's at the bank.  The realtor is telling you -you have nothing to worry about.  You are pretty confident that you have a nonrecourse note and you won't get slapped with a deficiency judgment by the lender.  So do you need an attorney?  Let me answer this question with a question.  If I have a pain in my leg, and a physical therapist tells me it's just a pain and nothing to worry about - am I still going to go to the doctor and get their advice?  Yes.  And why? Because he is an expert.  The physical therapist knows a lot about physiology of the leg -but isn't licensed in the field of medicine.  The same can be said of the relationship of the realtor to an attorney when dealing with a short sale.  The realtor is there to advise.  The realtor doesn't know the law.  Only an attorney can help you with that.  In all matters in dealing with a Sedona AZ Home for Sale - I would always suggest that any consumer talk to an AZ attorney about their rights under the current law.  The Short sale process is a slippery slope - and one that is constantly changing depending on the lender... the seller... the investor...things change very rapidly in that realm of real estate and only a professional attorney can give you the most expert advice. It's like my mother used to say... Don't be penny wise, and pound foolish. Hire an attorney.

 For questions, comments, or to talk with me about buying a short sale in the Sedona AZ Home Marketplace, you can email, check out my website, or facebook, or text or call me at 928-301-0669.


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