The following information was provided by Marc McCain, Attorney at law, regarding the changes that are coming regarding the Arizona Anti-Deficiency legislation.
A deficiency is the amount that you still owe the bank after the bank forecloses. If you are selling your home short of what you owe, or you are about to experience a [...]
Continue Reading →There is speculation across the industry when it comes to the real effects of a short sale. The truth be told, there is no one right answer to the question, “What are the effects of a short sale.”
So, you say, “What are the effects of a short sale?”
Firstly, as a REALTOR it is [...]
Continue Reading →When you consider the fact that whether or not you are able to sell your home before the bank forecloses, the bank will eventually foreclose if you don’t pay your mortgage, it would be beneficial to you to at least attempt to sell the home before that happens.
It’s really not Foreclosure vs. Short Sale
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Continue Reading →It’s not easy to sell a home right now. If you’re a seller, you’re going to have a really tough time. In fact, what we’re seeing in the marketplace now is an overabundance of bank owned properties and homes that are being sold short.
Foreclosures
A foreclosure occurs when you fail to pay your mortgage [...]
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