The increase in number of those who chose to do a strategic defaulter has made collection an expensive and ineffective process. The economic downturn in 2008 was the trigger for real estate bubble, which left millions of homeowners underwater. Most of the properties lost their value and homeowners lost any potential hope of regaining […]
READ THE FULL ARTICLE →Short Sale Attorney to discuss legal side of Short Sale Arizona
Short Sale Arizona topics to be covered by Short Sale Attorney on radio show for distressed market William A. Kozub of Beren’s, Kozub, Kloberdanz & Blonstein will be joining Arizona Short Sale Realtor Tracy “Royce of Real Estate” on Real Estate Rescue Radio. Real Estate Rescue Radio is Arizona’s premier radio show dedicated […]
READ THE FULL ARTICLE →How to Get Out of Deficiency Judgement After Short Sale
Avoid foreclosure but make sure the lender cannot pursue you later There could be nothing worse than losing your house. But, sometimes it’s the only options to get out of a financial mess. Ideally, it allows homeowners to move on to a new place that are not over-leveraged, and pays the bank at least […]
READ THE FULL ARTICLE →Arizona Short Sale Law: Purchase money mortgages explained
Arizona Short Sale law can be confusing when it comes to topics like construction loans, investment property and how & when purchase money applies. This article was published as: “Short Sales & Arizona Anti Deficiency Law” September, 2012 issue of Arizona Journal of Real Estate & Business, by Daniel Kloberdanz. Any and all copyright […]
READ THE FULL ARTICLE →Foreclosure Process in Arizona: Short Sale Help & Anti Deficiency
How Anti Deficiency laws apply during the Foreclosure Process in Arizona for Arizona Short Sales A commonly asked question I get from homeowners during the foreclosure process in arizona Arizona is, can the banks come after me later if I complete a short sale? What they’re really asking is, can I be liable […]
READ THE FULL ARTICLE →Arizona Anti Deficiency Laws and Short Sales
What is Anti-Deficiency Protection? It’s worth noting that addressing deficiency simply covers the ability of the foreclosing lender to pursue the Sellers for the difference of what they were owed and what the home sold for; and has nothing to do with the Sellers tax liability on any forgiven debt…those things are separate. Anti-Deficiency […]
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