NEW MARS GUIDELINES AND RULES ON BROKER’S NEGOTIATING SHORT SALES IN ARIZONA
Below is a recent article from the Arizona Department of Real Estate and Arizona Associaiton of Realtors regarding the Federal Government’s new Mortgage Assistance Relief Services (“MARS”) guidelines and the ability of real estate brokers and their agents to negotiate short sales in Arizona. In sum, MARS applies to brokers and realtors who negotiate short sales on [...]
UPDATES ON ARIZONA TRENDS IN FORECLOSURE AND LENDER COLLECTION EFFORTS
Arizona’s residential real estate market continues to be driven by foreclosure sales and short sales and there seems to be no end in site. Opinions vary, but many so called experts now forecast that Arizona’s residential market will not hit bottom until sometime in 2014. For owners struggling with mortgage payments or tring to sell [...]
TRENDS IN ARIZONA SHORT SALES AND ANTI-DEFICIENCY LAW
I recently attended a seminar that provided very interesting insight into the minds of lenders and why they continue to press rights against borrowers in certain contexts. Below is a summary of issues that lenders and their counsel believe are unsettled in Arizona, despite the strong policies behind Arizona’s anti-deficiency statutes as discussed in several reported Arizona [...]