Foreclosure process/ law

THIS ANSWER DOES NOT CONSTITUTE LEGAL ADVICE OR FORM AN ATTORNEY/CLIENT RELATIONSHIP. You are correct that a short sale will be difficult in...

Foreclosure and asset protection in Arizona.

THIS ANSWER DOES NOT CONSTITUTE LEGAL ADVICE AND DOES NOT FORM AN ATTORNEY/CLIENT RELATIONSHIP. Assuming the 2nd loan is not a purchase money...

Short sale to relative

THIS ANSWER DOES NOT CONSTITUTE LEGAL ADVICE AND DOES NOT FORM AN ATTORNEY-CLIENT RELATIONSHIP. You raise an interesting scenario. My thought...

As with any matter, I'd need to examine the lawsuits and the facts related to each to reach any conclusions on your issues. However, as a general...

What are my options on a second home that I own in Marana, AZ where property value is less than loan value?

I'm a bit confused about your question given your last presumption that the loans are non-recourse. Because the home you describe is on more than ...

AZ title law

the lender will require title to be vested a certain way at the closing (e.g. in your boyfriend's name alone since he is on the loan). however,...

Can i be sued by a collection agency for a defaulted second purchase-money mortgage?

Assuming the 2nd loan is in fact a purchase money loan and that Arizona law applies, the lender's only rights are to foreclose and take the home...

What rights does a company who buys debt that is non recourse have to collect?

Provided that both the 2nd was in fact a purchase money loan (used to buy the home), the lender that made the loan (and any party they assign...

Commercial Debt - Credit Cards

I assume your are asking if the credit card debt is your personal debt or just the debt of the LLC. The answer depends on how the credit line...

Can I be "1099"ed at the end of the year on a short sale

I assume you are asking this question in the context of a residential loan. Assuming this to be the case, if the loan is related to your primary...