Short Sale or Foreclosure? In my practice over the last couple of years, I have met with countless clients to discuss with them their "underwater" homes. Typically, these clients want to know what are their options with their homes and the outstanding loans. They ask...
Mortgage rates are currently at record lows. A borrower can now get a 30-year fixed rate loan for as little as 3.375%. Unfortunately, homeowners who purchased their homes between roughly 3 and 8 years ago have not been able to take advantage of these low rates because...
Arizona Governor Jan Brewer recently signed into law House Bill 2137. The bill imposes a criminal penalty on owners of "aggressive dogs" who fail to take "reasonable care" to prevent their dogs from escaping their residence or from biting or attacking other domestic...
Each day, about 1,000 U.S. citizens require emergency care treatment for dog bite injury. In Arizona, victims of dog bites have two ways to seek recovery from at-fault dog owners for their injuries: (1) Bring a claim against the dog's owner under Arizona's strict...
I get a lot of calls from people who are looking for foreclosure or short sale help in Arizona. With these calls, I consult with a lot of people about their options when it comes to either walking away or pursuing a short sale. I will state at the outset that I almost...
Shocking, I know, but another government program is proven to be a failure. A recent paper published by Jonathan Brogaard & Kevin Roshak, both of Northwestern University, Kellogg School of Management, shows that (1) contrary to the purpose of certain stimulus...
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...
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...
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...
