Archive for the ‘foreclosure’ Category

Mellow Annoyances and Foreclosure Sanity

You’ll notice, because I insist, the annoying horizontal bar in the left margin of this blog page. It advertises the availability of my new book, Joint Tenancies: Landlords and Medical Marijuana Businesses. It’s 10 bucks for the e-book version. I’ll sell you a paper copy for 5 bucks more, but you’ve got to leave a […]

Dark Days for Digital Billboards, and Gloom for Mortgagors

Two new opinions from Arizona’s appellate courts deserve the attention of real property mavens. The first is the new Arizona Supreme Court opinion of JULIA V. VASQUEZ v. SAXON MORTGAGE INC., et al, CV-11-0091-CQ. CQ stands for certified question; the Supreme Court was asked by a federal bankruptcy court to answer whether under state law […]

Elevating a Conversation About Trustees’ Sales

TD performed a trustee’s sale to foreclose on the Elevation Chandler property. PCF owned the loan and gave a specific opening (credit) bid to TD as Trustee under the Deed of Trust. BT jumped the credit bid and was declared the prevailing bidder in June, 2009. The next day, in accordance with trustee’s sale statutes, […]

Gotta Love Foreclosure Law, Lawmakers!

I’ve been away from this space a while now, though not engaged in idle pursuits.  Since July 3rd, I’ve written two articles for publication of 12,400 and 16,400 words.  That’s a lot of characters, I guess, but what’s with the 400 extra words?  You can read such things on http://ssrn.com, if you’re so inclined.  I’ve […]

Short sales, foreclosures, and IRS tax liens

– I owe more than my house is worth, and the IRS has also put liens on it. Can I still do a short sale?– I want to bid on a house at a foreclosure auction, and it has IRS liens, do they disappear like all the other liens? These, and other similar questions, are […]

Inflation? Deflation? What’s happening?

Are we poised for inflation, or hyperinflation? Or will the opposite happen? On the inflationary side, we have what appears to be massive expansion of the money supply by the Fed, a weak dollar, and rising gold prices. On the deflationary side, we have higher unemployment, and a mentality in the populace of saving vs. […]

PFTA: AN ALARM, NOT A SOUND, FOR RESIDENTIAL VULTURE INVESTORS TO HEED

So, I hear you’re scooping up all the cheap residences around the Valley and planning to toss the tenants who look like “questionable” renters, based on the condition they’re keeping the property in, right? Oops. The Protecting Tenants at Foreclosure Act of 2009 (PTFA), part of the Helping Families Save Their Homes Act of 2009 […]

EXPRESSLY, VIA HANDBASKET: Arizona’s modified deficiency statute?

So the Governor sues the entire state legislature to turn over bills that passed the house and senate but were not “timely” presented for her signature or, as the case might be, veto. (Okay, there’s a third alternative where a bill becomes law if the Governor takes no action on a bill for 5 days […]

Request For Notice?

I went to a Real Estate continuing education class recently. This particular class was at the Arizona School of Real Estate and Business, and one of the presenters was Bill Gray, who used to own the school. I can always be sure that if he is around, I’m very likely to learn something interesting. This […]

Short Sale help coming?

If you have been through the fun of buying or selling a property which is upside down, ie. more is owed than the property is worth, you know how much fun this can be. For those of you who have not had the privilege, it is a 90 to 120 day process involving numerous lender […]