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05/15/10
Luxury homes not immune to short sales
Filed under: General, Real Estate
Posted by: Lillian Wong @ 3:00 pm

by Justin Doom Arizona Republic May. 10, 2010 12:00 AM

The short sale
has gone upscale.


Associated Press A 5 bedroom, 5 1/2 bath Tuscan-inspired home in Paradise Valley, Ariz. is shown.

While sellers at the housing market’s low end initiated the widespread use of short sales as an alternative to foreclosure, Valley real-estate agents said there has been a clear trend toward luxury homes, even those in the multimillion-dollar price range, being sold via short sale.  more…


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