THE TRUTH ABOUT SHORT SALES AND DEFICENCIES IN ARIZONA
Posted by Marc McCain on January 12, 2010 , No comment
Rarely will a consumer find so much contradicting, confusing and downright incorrect information on a legal topic as they currently do when it comes to short sales and related issues. Rarely heard of just 2-3 years ago, short sales now make up a significant majority of current MLS listings in the metro Phoenix market and [...]
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SHORT SALE TIPS FOR ARIZONA RESIDENTIAL PROPERTIES
Posted by Marc McCain on January 6, 2010 , 1 Comment
1. Know what leverage you have, if any. If Arizona’s anti-deficiency statutes apply to your loan(s), use this fact to reject any lender demand for a seller/borrower contribution at close of escrow. Most junior lenders will ask for a contribution from the borrower, sometimes a significant one. If the loan is covered by Arizona’s anti-deficiency [...]
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