Marc McCain Blog

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 [...]

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 [...]

In Arizona, certain loans on residential real property are subject to what are called anti-deficiency laws.  These laws limit a borrower’s liability to its lender if certain requirements are met.  However, there are many misconceptions about Arizona’s anti-deficiency laws, when they apply, and whey they don’t.  Moreover, Arizona’s anti-deficiency laws have been in recent flux, increasing [...]

As most interested parties now know, Governor Brewer signed House Bill 2008 and with it becoming law in late November, 2009, swept away the recent changes to Arizona’s anti-deficiency laws set to go into effect September 30, 2009.  Residential property owners’ collective sigh of relief could be felt throughout the Valley.  However, the victory parade could be short, [...]