In August, we wrote an article about Arizona SB1271, a new law potentially having a negative impact on Arizona homeowners facing foreclosure.
On September 4, 2009, SB 1271 was repealed with the Governor’s signing of House Bill 2008.  This returns the Arizona anti-deficiency statute to where it was before, and Arizona property owners, including those with second homes and investment [...]

We recently had a question from someone considering a short sale for their house.   This person is not eligible for a loan modification and their lender recommended a short sale.  When they put the house on the market, they are considering making just partial payments while they try to sell it.
The question is: DOES MAKING A [...]

The Arizona legislature has passed a bill, SB 1271, signed into law by Governor Brewer on July 10th, that is scheduled to take effect September 30, 2009. 
This bill was intended to protect small community banks from consumers buying speculative new homes that now cannot be sold for a profit.  However, it could have an impact on [...]

Free Legal Info for Arizonans From 4:30 – 6:30 p.m. on the first Tuesday of each month, volunteer lawyers answer legal questions for Arizona residents.  Lawyers on Call is a public service program sponsored by the State Bar of Arizona and Phoenix Channel 12 KPNX TV.  
This coming Tuesday, July 7th, the topic is Foreclosure [...]

   As more and more people face the prospect of losing their home in the midst of this economic whirlwind, we are getting more questions about foreclosures and short sales, and how they show up on credit reports.  

   Each week brings news on the nation’s housing market, foreclosure statistics and lending info.  The White House recently announced a new website for homeowners to find out if they are eligible to qualify for a loan modification or refinancing.  To use the refinance portion, the mortgage must be owned by Fannie Mae or Freddie [...]