Hud Counselor

Arizona Short Sale Info- Struggling to Pay your Mortgage

March 2, 2011

I generally write articles/ blog posts on specific banks or short sales or tips, etc.  However, I started thinking, if a homeowner is in a position of hardship, maybe not sure how they will continue to pay for their home.  Or they even have a foreclosure date- they have missed several payments.  Would that homeowner [...]

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Top 7 Questions Your Realtor Should Be Asking You In a Short Sale Situation

October 20, 2010

We all know, some people are just better at their jobs than others.  If you are struggling with your home, please pay attention to if your Realtor asks you these questions.  They couldn’t be more important to your future after a short sale!  Tax liability is a concern after your short sale.  How do you [...]

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Anti-Deficiency- What does it Really Mean?

October 5, 2010

There is a lot of mis-information in the real estate world about the Arizona Anti-Deficiency Statute.  Many Realtor’s out there are telling their clients that if they short sell their properties that the deficiency between the loan amount and the short-payoff will be forgiven due to the “anti-deficiency” statute.  THIS IS WRONG.  The statute does [...]

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First Time Home Buyer’s Tax Credit Takeback

September 17, 2010

Recently I received a letter from the IRS.  At first, I was a little nervous because I was not sure what they wanted- I paid my 2009 taxes before the April 15th deadline, so what did the want? Earlier this year I was fortunate enough to take advantage of this buyer’s market and purchased a [...]

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How Long After to Get a Home Loan

September 9, 2010

If you have short sold your home, lost your home to foreclosure or filed bankruptcy, you may be wondering how long before you can buy another home.  Here is the current timeline: Item                          FHA Loan                  Conventional Loan Short Sale                 See Below*                 2 years (must put 20% down) Foreclosure              3 years                        5 years Deed in Lieu             [...]

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