Surprise Real Estate By Mike Horton

The latest information reported recently by “The Republic” newspaper on the median value of homes in the Surprise and surrounding area has shown a decrease in home prices from 2010 to 2011. But does that mean that homes in general have decreased price? Don’t believe it. As a buyer you may experience the frustration of ...

Dropping the home owners insurance when you have left your home and you are short selling the home could be a disaster! In a distressed home sale, homeowners that are no longer making their mortgage payments often forget about the home insurance. If you are not making the payments then your lender is not preparing to pay the home insurance when it ...

In Arizona our state association (Arizona Association of Realtors; AAR) has strived to generate standard contract forms that provide consistency to business of buying and selling real estate. When the short sale of property became a significant factor in real estate sales the Short Sale Addendum to the real estate purchase contract became a part ...

The Arizona Short Sale Addendum used by AAR promotes contract breach. Line 40 and 41 of the addendum state that the "Buyer may unilaterally cancel this Contract by notice to Seller at any time before receipt of a short sale Agreement Notice from Seller." The general perception by real estate agents is that means at any point until they ...

  OK, you have been looking at homes that are in pre-foreclosure for sale (short sale) and you found one you like. It is in good condition and not a major fix up. Your next step is to write an offer and for arguments sake lets say it is listed for $150,000. Before you write that offer you check out what has sold in the immediate area ...

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 ...