Pricing a property correctly is the most important factor in getting it sold. When valuing a property, the procedure most commonly used is a market analysis that compares the subject property to comparable properties that have sold nearby. It is crucial to use precise...read more
A revocable living trust is an estate planning tool that is commonly used today with a myriad of benefits to its creator (aka, Grantor) and beneficiaries. The Trust is funded with assets owned by the Grantor and managed by the Trustee of the Trust. The Trustee is...read more
Can you HOA foreclose on your property if you do not pay your HOA dues? Theoretically, it could, but this is usually not the case. Priorities of the interest in real property are generally determined by chronology, first in time, first in right. The Covenants,...read more
In Arizona, one alternative means of conveying real property through the use of seller financing is the “agreement for sale,” also commonly referred to as a contract for deed, land sale contract or installment contract. This type of transaction is an alternative to...read more
In a short sale, if the negotiator offered a set of terms via email, is the lender contractually obligated to honor those terms?
Not likely. First of all, the terms exchanged back in forth via email are usually subject to investor approval. Also, there are probably written guidelines in place that require that any short sale purchase terms be formally documented in a letter from the lender....read more
The public record on the sale of your property will reflect whether it sold as a short sale or foreclosure.
After a short sale, the homeowner’s name appears as the seller in the public records. The transfer is shown as going from the homeowner to the new buyer. As far as the county tax recorder is concerned, your home sale will appear as though you transferred the...read more