Investor Beware
The U.S. Congress enacted the Protecting Tenants at Foreclosure Act (PTFA) in 2009 which provides new and unprecedented rights to tenants in the case of…
Sellers Not Required To Disclose The Presence Of Neighboring Sex Offenders
In some cultures it’s customary to meet the neighbors before purchasing a home. In the recent case of Lerner v. DMB Realty, LLC, the plaintiffs…
New Ruling Limits Homeowner’s Options Post-Foreclosure
A new ruling by the Arizona Court of Appeals limits a homeowner’s legal rights if certain steps are not taken prior to a trustee’s sale. …
Arizona Court of Appeals Confirms That Arizona’s Anti-Deficiency Statutes Don’t Apply To Vacant Land
Confusion has plagued the courts following the M&I Marshall and Ilsley Bank v. Mueller decision over whether the anti-deficiency statutes apply to vacant land. Prior…
Commercial Evictions Surge
Along with snow in the Valley and home town favorite Phil Mickelson’s third victory at the Phoenix Open, 2013 has also ushered in an increase…
Mortgage Debt Relief Act Expires
Perhaps a sign of the real estate recovery, six years after the market crash, the 2007 Mortgage Debt Relief Act (the “Act”) has finally expired.…
Foreign Investors Beware: How REALTORS® Can Help Foreign Investor Clients
Anytime a foreign investor sells real estate in America, FIRPTA is triggered. This issue rarely arose in recent history. But due to the high number…
New Mortgage Guidelines Give Borrowers Hope Following A Short Sale Or Bankruptcy
Borrowers have struggled for years to find financing following a short sale or foreclosure. In fact, the general rule is that a borrower must wait…
How REALTORS® Can Add Value and Generate Referrals by Identifying Blind Spots
Successful REALTORS® know that ecstatic clients are the best sources for referrals. Delivering unexpected value to your clients is the easiest way to exceed a…
Hope Springs For Loan Modifications
Generally speaking, the federal government’s loan modification program has been a bust. The U.S. Department of Treasury launched the Home Affordable Modification Program (“HAMP”) in…
Avoiding Real Estate Malpractice Arizona REALTORS’® Duty to Disclose
It has been famously said that “with great power comes great responsibility.”[1] This is especially true for REALTORS® who, under Article 26 of the Arizona…
Mortgage Debt Relief Act Extended
In typical fashion, the United States Congress waited until the eleventh hour to address the looming “fiscal cliff.” In doing so, Congress extended a number…