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What is a Deed in Lieu of Foreclosure?

October 1st, 2018|Foreclosures, Real Estate|

A deed in lieu of foreclosure transfers your property back to the lender — you give the mortgage company your home to avoid a foreclosure on the property. This is an alternative to foreclosure and/or short sale, as an attempt to release you from debt. In Arizona, when you deed the property back, any debts [...]

House Rich But Cash Poor: Reverse Mortgages

September 1st, 2018|Real Estate|

More than ever, debt is plaguing most Americans. While there are many solutions (and just as many scams) to resolve debt, one tactic is increasingly popular among elderly homeowners: reverse mortgages. If you’re 62 or older, own your home, and meet the necessary qualifications, you can use your house as collateral for a loan. The [...]

How to Deal with the World’s Worst Roommate

August 10th, 2018|Real Estate|

In February, New York magazine’s article “Worst Roommate Ever” went viral. Detailing the life and crimes of Jamison Bachman, the piece lives up to its title, revealing how the serial squatter used his legal education to slowly but forcefully edge his roommates out of their own homes. Using technical terminology to intimidate and taking several [...]

Backyard Barnyard: The Fowl Debate Raging in Arizona Cities

June 27th, 2018|Real Estate|

A famous Friends episode opens with Rachel and Monica being awakened by a loudly crowing bird. They trace the noise across the hall, where Chandler and Joey explain their pet chick “may be turning into a rooster”. Their ownership of a chick and a duck in a New York City apartment is mined for comedy — [...]

When HOAs Behave Badly

November 30th, 2017|Real Estate|

Among the most common real estate problems faced by homeowners is a conflict with a Homeowners Association. The stereotypes about HOAs are familiar to everyone: micromanaging, pettiness, unreasonable demands, tyrannical Christmas decoration policies. However, most legal troubles faced by homeowners going against their HOA have less to do with inflatable Santas installed on rooftops and [...]

Straw Buyer Beware: The Tricks of Mortgage Fraud

June 28th, 2017|Real Estate|

With debt already burdening many Americans, the difficulty of obtaining a mortgage due to poor credit can make it tempting to buck the system. Increasingly common is using a trusted individual to apply for a loan in their name instead. This individual would have no intention of living in the home, and would perhaps be [...]

Real Estate Boom Ahead for AZ – Are You Prepared?

January 23rd, 2017|Real Estate|

January isn’t even over yet and the predictions for the rest of 2017 are already rolling in. While most are focused on the controversial Presidential changeover and the new year’s uncertainty, one forecast is betting on stability for Arizona in a specific area: real estate. Realtor.com predicts Phoenix as the number one place to be [...]