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	<title>Marc McCain Blog</title>
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		<title>Realtors Should Think Twice Before Suggesting a Short Sale or Strategic Default to Homeowners</title>
		<description><![CDATA[While a short sale can be the right choice for certain homeowners, the laws regarding short sales and strategic default are in flux and raise many possible pitfalls for a homeowner/borrower considering a short sale or strategic default on a residential or other property.  The modern day short sale is a relatively recent phenomena.  As [...]]]></description>
		<link>http://www.marcmccain.com/2012/02/13/realtors-should-think-twice-before-suggesting-a-short-sale-or-strategic-default-to-homeowners/</link>
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		<title>UPDATES ON ARIZONA ANTI-DEFICIENCY LAW AND SHORT SALE ISSUES</title>
		<description><![CDATA[ANTI-DEFICIENCY PROTECTION JUST GOT BROADER One of the requirements for Arizona’s anti-deficiency statutes is that the property in question must be limited to and utilized for a single one or 2-family dwelling.  (See. A.R.S. § 33-814(G)). Based on prior holdings by Arizona courts, the majority view has been that if a borrower did not actually [...]]]></description>
		<link>http://www.marcmccain.com/2012/01/30/updates-on-arizona-anti-deficiency-law-and-short-sale-issues/</link>
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		<title>ARIZONA SUPREME COURT SIDES WITH LENDERS ON KEY TRUSTEE SALE ISSUE</title>
		<description><![CDATA[IN VASQUEZ V. SAXON MORTGAGE, INC., ET. AL., the Supreme Court of Arizona recently held that Arizona’s trustee sale statute does NOT require the recording of an assignment of a deed of trust to reflect the interest of the foreclosing lender (as the current beneficiary under the Deed of Trust) before a trustee sale can [...]]]></description>
		<link>http://www.marcmccain.com/2011/12/19/arizona-supreme-court-sides-with-lenders-on-key-trustee-sale-issue/</link>
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		<title>DÉJÀ VU ALL OVER AGAIN – SENATOR CALLING FOR REPEAL OF ARIZONA’S ANTI-DEFICIENCY STATUTE</title>
		<description><![CDATA[Didn’t we just go through this a few years back?  Didn’t the Banker’s Association support a bill that would have stripped anti-deficiency protections to what could have been tens, or possibly hundreds, of thousands of homeowners in the State of Arizona?  Didn’t the Senator that sponsored that bill learn after its passage that the Banker’s [...]]]></description>
		<link>http://www.marcmccain.com/2011/12/19/deja-vu-all-over-again-%e2%80%93-senator-calling-for-repeal-of-arizona%e2%80%99s-anti-deficiency-statute/</link>
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		<title>PHX Consulting&#8217;s 1st Annual Holiday Food Drive</title>
		<description><![CDATA[We are still looking for more donations and there is still plenty of time (the food drive ends on December 14, 2011). Even as little as one or two cans of food can make a huge difference in these people&#8217;s lives. Thank you for your support!!! During this holiday season there are many less fortunate [...]]]></description>
		<link>http://www.marcmccain.com/2011/12/10/phx-consultings-1st-annual-holiday-food-drive/</link>
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		<title>Short Sale Update and Tips</title>
		<description><![CDATA[One issue that comes up often in short sale transactions I review for clients is whether the servicer/lender must sign a short sale approval letter for the approval and related terms to be binding on the servicer/lender.  In short, the answer is a definitive YES.  Why, just a little something called the statute of frauds [...]]]></description>
		<link>http://www.marcmccain.com/2011/11/06/short-sale-update-and-tips/</link>
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		<title>ARIZONA SUPREME COURT TO TACKLE KEY ISSUES REGARDING FORECLOSURE IN ARIZONA</title>
		<description><![CDATA[In September, the Arizona Supreme Court will hear oral arguments on 2 issues related to a lender’s right to foreclosure in Arizona.  These issues are:   1.      is the recording of an assignment of deed of trust required prior to the filing of a notice of trustee’s sale under A.R.S. §33-808 when the assignee holds [...]]]></description>
		<link>http://www.marcmccain.com/2011/07/20/arizona-supreme-court-to-tackle-key-issues-regarding-foreclosure-in-arizona/</link>
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		<title>MARS RULES WON&#8217;T BE ENFORCED AGAINST REALTORS IN SHORT SALES</title>
		<description><![CDATA[On July 15th, 2011, the FTC issued a Press Release stating that they will not enforce most provisions of the Mortgage Assistance Relief Services (“MARS”) rules against real estate brokers and real estate agents.  (see the statement and press release at http://ftc.gov/opa/2011/07/mars.shtm).  The MARS rules as written clearly apply to real estate brokers and agents assisting [...]]]></description>
		<link>http://www.marcmccain.com/2011/07/20/mars-rules-wont-be-enforced-against-realtors-in-short-sales/</link>
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		<title>AZ COURT OF APPEALS CASE ON REFINANCES STOPPED DEAD IN ITS TRACKS</title>
		<description><![CDATA[In prior blog posts, I’ve mentioned a pending Arizona Court of Appeals case that was reviewing the scope of the Beauvais holding that certain refinanced or restructured loans do not lose purchase money protection under Arizona law (and thus, maintain anti-deficiency protection).  The case would have clarified the law in Arizona and provided clear guidance [...]]]></description>
		<link>http://www.marcmccain.com/2011/04/20/court-of-appeals-case-on-refinances-stopped-dead-in-its-tracks/</link>
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		<title>UPDATE ON MARS AND ADVANCE FEES TO ARIZONA REALTORS FOR SHORT SALE NEGOTIATIONS</title>
		<description><![CDATA[The Arizona Department of Real Estate updated their position on the new MARS Rule (Mortgage Assistance Relief Services) and other applicable Arizona laws in relation to short sales and how they limit the type of services and fees licensed realtors and brokers in Arizona can perform and receive in the short sale context.   The update changes [...]]]></description>
		<link>http://www.marcmccain.com/2011/04/13/update-on-mars-and-advance-fees-to-arizona-realtors-for-short-sale-negotiations/</link>
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