by kramoltz@hotmail.com | May 9, 2020 | Home Ownership, Mortgages + Lending
If your home is foreclosed on and your home is worth less than the loan, Arizona law provides for protection from being sued for that deficiency. This prevents a lender from recovering a money judgment against you if your home is “upside down” if the loan was used to...
by kramoltz@hotmail.com | Oct 29, 2018 | Home Buying
Inside a foreclosure in which the previous owner had passed away, an agent and her buyer felt a strong presence, as if someone was watching them. Seeing nothing, they continued on their tour. Halfway through the home all the exterior doors started to slightly open and...
by kramoltz@hotmail.com | Jun 19, 2017 | Foreclosures + Short Sales
Arizona’s anti-deficiency statutes protect borrowers from being sued for a deficiency after a foreclosure of a loan used to purchase a home. Exceptions include where the property is more than 2.5 acres, or if it there are three or more units (such as a triplex)....
by kramoltz@hotmail.com | Dec 27, 2016 | Foreclosures + Short Sales
Foreclosures have fallen across the country, with REO inventory down nearly 30% by the end of the summer of 2016 according to CoreLogic. And completed foreclosures in the U.S. are now down 69% from the September 2010 peak. Here in Arizona our trustee’s sales have also...
by kramoltz@hotmail.com | Sep 7, 2016 | Foreclosures + Short Sales, Home Buying
Americans who lost their home to foreclosure are slow to return to home ownership. About 1.9 million of the 3.1 million home owners who were foreclosed on between 2007 and 2013 have passed the 7 year mark, the typical time required to sufficiently improve a credit...