Short Sale Seller's Advisory

The Arizona Association of REALTORS® (AAR) is pleased to provide the Arizona Department of Real Estate (ADRE) Short Sale Seller (SSS) Advisory. Real estate professionals regularly meet with property owners in financial distress who are interested in pursuing a short sale. These owners have many questions about their options and the implications of a short sale; however, there was no single resource for reliable information to which they could be directed. To address this need, the ADRE Short Sale Task Force, chaired by John Foltz, recommended the development of an advisory similar to the widely used Buyer Advisory. 

Thus, the SSS Advisory was drafted to provide information to homeowners about the issues and risks involved in a short sale situation. The SSS Advisory explains why certain issues may be important and directs the homeowner, via hyperlink, to additional resources. The SSS Advisory is divided into three general sections: (1) Before Proceeding with a Short Sale; (2) Options other than Short Sale; and (3) Short Sale Considerations.

Please click on the photo below to download your copy

Short Sale Seller Acknowledgment
Seller acknowledges receipt of this Advisory and further acknowledges that there may be other issues of concern not listed herein. The information in this Advisory is provided with the understanding that it is not intended as legal or other professional services or advice. These materials have been prepared for general informational purposes only. The information and links contained herein may not be updated or revised for accuracy. If you have any additional questions or need advice, please contact your own lawyer.