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July 2016 Archives

Short sales can help you if you are facing the loss of a home

When you are facing the loss of your home through foreclosure, you might come to the realization that can't find a way to keep it. Instead of just taking the foreclosure for granted, you might be able to sell the home through a short sale. When the home is sold through a short sale, you can actually reap several benefits.

FAQs about suing for breach of contract

In real estate, written contracts exist so that both parties are fully aware of their obligations in the transaction. However, when one party does not uphold their end of the contract by failing to fulfill the obligations outlined within the contract, this is known as a breach of contract. There are different ways a breach can happen: the party may not have fulfilled their obligations in a timely manner, the party may have performed these obligations in a way that did not meet the terms of the contract or the party may have not performed the obligations at all. In all of these cases, the non-breaching party is entitled to sue the other party for compensatory damages. The exact amount and kind of damages is dependent on the facts of the case. There are also other remedies, such as specific performance, in which a court requires the breaching party to fulfill their obligations according to the contract.

Have many celebrities died without a will?

Most people -- even those who are considered famous -- do not want to think about their deaths. However, when someone famous passes away and there is no will, the battle for his or her estate is played out in the public's eye. In addition, the cases can often be complex due to royalties and other ongoing or complicated assets.

Arizona housing prices rising while inventory falls

According to June's Real Estate Market Report by the Arizona Association of Realtors, this summer is a good time for those who want to sell their homes. In May of this year, the value of homes and properties in Arizona that were under contract was more than $4.6 billion. That is around 50 percent higher than the total value of properties in the state that were under contract in May last year.

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