The Arizona Department of Real Estate and the Arizona Association of Realtors have teamed to create a great resource for distressed property owners or any homeowner or wants to understand what happens when you are in default on your mortgage or contemplating a short sale. The Advisory contains links to online resoures to professionals and consultants who can help you understand your rights, liability and risks so you can make an informed decision and to protect yourself in these tough times.
Click on this link to view the AZ Short Sale Seller's Advisory:
http://www.aaronline.com/documents/ssseller_advisory.pdf
Don't forget about insurance advice! Make sure your clients keep insurance on the home until the home closes. If they move out make sure they get a vacant homeowners policy on the home. I know they don't live there, but if that home burns down, insurance companies don't insurance vacant homes in AZ after 60 days. You do not want your client getting sued for the full balance. Your clients want and need great advice all around!
Jayson Hoffer Insurance Agency Inc
480-518-0747
Auto/home/life
AZInsuranceAgent 1 year ago