Did your home lose value over the past 5 years? Yes. Did your home lose value overnight? According to Zillow.com, probably. On June 14th, the real estate website Zillow.com issued a press release stating that it had "modified the formula it uses to estimate the value...
We are always looking for ways to give Mesa AZ foreclosure help. Here are a couple of new programs in Arizona available to homeowners to help them stay in their homes if they are having difficulty making their mortgage payments. Save My Home AZ are federal government...
DON'T LET THE SHORT SALE NEGOTIATOR REDUCE YOUR REAL ESTATE COMMISSION In a previous article, I briefly outlined the short sale process. Like most real estate transactions, the seller's broker or agent in a short sale will be paid a commission. However, because the...
Recently it was reported that about 50% of all home loans in Arizona are currently at or near negative-equity. This means that the balance owed on about half of all home loans in Arizona is at most only 5% greater than the home's value. More significant though, most...
A while back I posted an article about post-foreclosure evictions. At the time I posted the article a client came to me who was a renter with his family in a Gilbert home. My client had a written 1-year lease with the property owner. About halfway through the lease on...
As is common today, thousands of homes that are being foreclosed are occupied by renters. Investors who buy these homes at the foreclosure auction generally only have one objective: to flip the property and make a quick profit. If a renter is occupying the property...
In our practice we have consulted with countless clients whose homes are currently worth substantially less than the outstanding balance of their loans and who are having a difficult time paying their mortgage for one reason or another. During these consultations, we...
