Surprise Real Estate By Mike Horton

You own a home purchased for $400,000 and now it valued at $200,000. Do you take a foreclosure or short sale the property even if you can afford to make the payments? Regardless of how much you paid for the home, if you are going to let it go to foreclosure or sell it as a short sale and you could afford to keep it, thats called a Strategic ...

Anti deficiency ARS 33-814 provides protection to the borrowers in some cases against a deficiency judgement when their property has gone through a foreclosure. In many cases, it appears the lenders are recognizing the limitations this statute puts on them to obtain a judgement after the deed transfer takes place and they are ...