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Real Estate Transactions Archives

What happens when I do not pay my mortgage?

A mortgage is a type of debt, and when it is not paid, it gives the creditor some rights. It is important that you keep up with your mortgage repayments, because it is usually a very significant amount of debt, and not paying could lead to you losing your home.

What are the pros and cons of buying a short-sale house?

Homes that are being sold at short sale are those where a homeowner owes more on his or her mortgage than the home is worth. Oftentimes, banks will allow homeowners to sell their property for less than what they owe because it allows them to divest themselves of the property and to avoid having to foreclose on it.

Why are there inconsistent names on mortgages and house titles

Making sure that you keep well-documented paperwork that is consistent is vital, especially when you are looking into investing in a property. You may be worried when you come to find that the mortgage bears a different name to the property title, and wonder what this means.

Avoiding foreclosure: What are my options?

Owning your home has many advantages, and as long as you can afford the mortgage repayments each month, it is likely to be a great investment for your future. However, if you get into financial difficulties further down the line, you may be at risk of losing your home. This is formally known as foreclosure. So if you are struggling with your finances but want to do everything that you can to avoid losing your home, here are some alternatives.

Leading an estate through probate

When a loved one dies and you become the executor of the estate, you may feel unprepared and overwhelmed by the responsibilities that you face. Going through probate does not have to be as difficult as you might think. There is a process to follow and as long as you remain organized and act with the duty that you owe to your late loved one, probate should be fairly straightforward.

  • Lead Counsel Rated LC
  • Paul Faith David Ledyard Distinguished AV | Peer Review Rated | LexisNexis Martindale-Hubbell | For Ethical Standards & Legal Ability
contextual

919 North Dysart Road
Suite F
Avondale, AZ 85323

Toll Free: 888-350-8767
Phone: 623-806-8994
Avondale Law Office Map

Real Estate Transactions Archives | Phoenix Real Estate Law Blog
Faith, Ledyard & Faith PLC
888-350-8767 623-806-8994
view our practice areas In the section

Real Estate Transactions Archives

What happens when I do not pay my mortgage?

A mortgage is a type of debt, and when it is not paid, it gives the creditor some rights. It is important that you keep up with your mortgage repayments, because it is usually a very significant amount of debt, and not paying could lead to you losing your home.

What are the pros and cons of buying a short-sale house?

Homes that are being sold at short sale are those where a homeowner owes more on his or her mortgage than the home is worth. Oftentimes, banks will allow homeowners to sell their property for less than what they owe because it allows them to divest themselves of the property and to avoid having to foreclose on it.

Why are there inconsistent names on mortgages and house titles

Making sure that you keep well-documented paperwork that is consistent is vital, especially when you are looking into investing in a property. You may be worried when you come to find that the mortgage bears a different name to the property title, and wonder what this means.

Avoiding foreclosure: What are my options?

Owning your home has many advantages, and as long as you can afford the mortgage repayments each month, it is likely to be a great investment for your future. However, if you get into financial difficulties further down the line, you may be at risk of losing your home. This is formally known as foreclosure. So if you are struggling with your finances but want to do everything that you can to avoid losing your home, here are some alternatives.

Leading an estate through probate

When a loved one dies and you become the executor of the estate, you may feel unprepared and overwhelmed by the responsibilities that you face. Going through probate does not have to be as difficult as you might think. There is a process to follow and as long as you remain organized and act with the duty that you owe to your late loved one, probate should be fairly straightforward.

  • Lead Counsel Rated LC
  • Paul Faith David Ledyard Distinguished AV | Peer Review Rated | LexisNexis Martindale-Hubbell | For Ethical Standards & Legal Ability
contextual

919 North Dysart Road
Suite F
Avondale, AZ 85323

Toll Free: 888-350-8767
Phone: 623-806-8994
Avondale Law Office Map