With AZ being a "non-recourse" state, can lender still seek deficiency on foreclosure of investment property ?
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Answered on January 23, 2012
When considering walking away from real estate that you own that is upside-down, BE CAREFUL. There are several issues that should be considered. ...
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We have just been notified of a Request for Summary Disposition. What does this mean?
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Answered on January 20, 2012
As far as what any specific court document means, I would have to see the document. If you have had a judgment entered against you, the creditor...
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Can a person prevail against major shipping company for 60 day delay in shipping, lost goods then found? Returned 75 days later.
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Answered on January 19, 2012
I work in commercial litigation. Although I have never been involved in a suit with a commercial carrier, I agree that the first point of analysis...
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I lived in my RV for 2 years. Does my RV fall under the Arizona anti-deficiency law.
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Answered on January 19, 2012
Whether your RV was considered a home for purposes of the IRS classification of a home mortgage interest deduction, likely does not determine the...
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Is loan for down payment on home considered a non-recourse purchase money loan?
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Answered on January 17, 2012
I agree with Mr. Nagle's assessment. The remaining issue is that of priority. Most likely, the bank lender will have first priority. (assumed...
If a company changes it's name, am I still bound to the non-compete agreement?
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Answered on January 17, 2012
A company is some form of legal entity (corporation, LLC, etc.). If the same legal entity exists, but is merely using a different name, I believe...
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We did a home modification and did as they asked they said stop making the payments and we did
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Answered on January 12, 2012
Unfortunately, I do not think you can get good answers to your problem without seeing a real estate/loan modification attorney. It sounds like you...
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How does one best determine a consensus of fair market value from three separate appraisals (eminent domain)?
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Answered on January 09, 2012
There are uniform standards for appraisals (look up USPAP, which stands for Uniform Standards of Professional Appraisal Practice. If all three...
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We are an AZ based LLC & was told by our BK Atty. to set up an out of state checking account. Is this legal & how do we do it?
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Answered on January 09, 2012
I am always concerned when questioners state that they have an attorney, but rather than get advice from their attorney, they are soliciting advice...
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Did I inadvertently commit fraud by selling a house I built in which I deviated from the city approved plans?
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Answered on January 06, 2012
Whether or not civil fraud was committed is a factual question. To win on their fraud claim, the buyers will have to prove all of the elements of...
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