It can feel overwhelming to realize that you and your family might be on the brink of losing your home. You may have initially missed just one residential mortgage payment, but then another slipped by and before you knew it, the bank is threatening foreclosure. It is essential for Arizona residents to face the possibility of foreclosure - a lender taking over possession of a homeowner's home due to the homeowner's failure to make mortgage payments - head-on.
A construction defect is an imperfection in a homeowner's property that reduces the value of the property. Construction defects encompass a wide variety of faults and may include a failure to properly design, plan, inspect or construct a structure. Arizona property owners who find themselves involved in a construction dispute over such imperfections may wish to have a better understanding of what a construction defect entails.
Real estate transactions can present a multitude of logistical concerns. An Arizona family who owns a home and is considering moving into a new home may face one common issue: the possibility of two residential mortgages.
Property owners who owe more on their property than the property is worth may feel overwhelmed when trying to figure out their options. For many, the first step to take is to understand the many terms out there and what these terms mean. Arizona property owners may have heard the term short sale and may be wondering if a short sale can help them.
Pursuing a real estate transaction can be a stressful situation for the parties involved. There are often many complex legal and logistical issues at hand during what may be an emotional time for a person buying or selling a home, or facing a foreclosure.
While improving one's home or business in Avondale might seem like a simple, straightforward process of securing the financing to do it, coming up with a plan and moving forward, it's actually more complicated than that. One aspect that must be considered is whether or not it's necessary to secure a building permit and what the process is for doing so. A key is to have the proper plans in place with construction designs and applying for the right permits.
Despite the lower home sale numbers in most of the Phoenix area, one region of the housing market has actually seen an increase. Real estate transactions for multimillion-dollar mansions are occurring at nearly twice the rate of last year.
A home's history may not be as open and honest as you think. While regulations apply to require disclosure of certain material defects in a home, what qualifies as a defect may vary according by the state.
Many homeowners looking to sell end up taking their houses off the market during holiday time. Phoenix sellers, however, seem to be doing the opposite.
There are multiple ways for Arizonans to purchase real estate. Typically, potential buyers work with a real estate agent to find a home and, once that is accomplished, to help them with the purchase agreement. Others, though, decide to purchase real estate directly from a homeowner without the intervention of a real estate agent. In either case, it may be best for those considering purchasing real estate to consult with an experienced attorney, as failing to do so could result in unwanted consequences and, potentially, litigation.