July 14, 2011
Arizona is one of the few states that have anti-deficiency laws. These laws prohibit lenders from collecting on a mortgage after the home is foreclosed, when that mortgage was purchase money for the property. The laws only apply to purchase money mortgages. This means that you are only protected if your mortgage was issued at the time [...]
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May 16, 2011
Some Realtors would say “avoid foreclosure at all costs”. I do not prescribe to this philosophy. In some cases foreclosure results in a better position for the homeowner. However, we always suggest trying the short sale first- most homeowners can avoid foreclosure successfully and create a fresh financial start for themselves. Short Sales are best [...]
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