Archived
Does my ex husband really "needs" to sign a quit claim deed in order for me to do a short sale? Divorce decree states is my home
Suzanne's answer
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Answered on November 12, 2012
Find a title company that will let you short sale the home with just the divorce decree. If the title company will do it, then the bank will...
Archived
Can they change the lease?
Suzanne's answer
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Answered on September 19, 2012
If you have a two year lease, your landlord cannot bump up your rent unless it says somewhere in the lease that they can change the terms of the...
Archived
I live in AZ AND OWN HOME WORTH APPROX. 500K . I OWE 380K ON THE FIRST AND 200K ON THE SECOND AND THIRD. IN A FORECLOSURE ???
Suzanne's answer
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Answered on September 19, 2012
If you short sell the property for a purchase price of $500,000, the first lien holder would be paid in full leaving $120,000 left to pay the...
Archived
What can a seller do to hasten the close of escrow?
Suzanne's answer
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Answered on September 19, 2012
A seller cannot hasten a closing. However, you can make sure that your Realtor is on top of the transaction by making sure the appraisal gets...
Archived
What is necessary for a cash sale of a home in Arizona?
Suzanne's answer
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Answered on September 19, 2012
I agree with the last response, you don't likely need a lawyer. The best bet is to call the title company and ask them what the status of the...
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Archived
Hello, We have a mortgage on our home that is in my husband's name only. My income and credit was not used.
Suzanne's answer
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Answered on September 19, 2012
Not necessarily. They are looking at the total household income to qualify you for the loan. Meaning, they want your husband to be using your...
Archived
HOA charges after foreclosure.
Suzanne's answer
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Answered on April 22, 2012
Yes, if the charges were for a period when you owned the home. HOA fees and late fines incurred while you own the property do not go away because...
Archived
My mother's in MA, she owns the house in AZ that we've lived in and paid the mortgage on for 12 years. How can we purchase it?
Suzanne's answer
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Answered on March 14, 2012
Assuming you have good income and good credit to support a $110,000 debt, you should be able to purchase the home from your mother. The fact that...
Contract to purchase a home but addendum has not been signed by the sellers bank to extend the closing date.
Suzanne's answer
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Answered on March 14, 2012
Assuming this is a short sale transaction: the seller's bank does not "sign" an addendum extending close of escrow. What the bank does is issue a...
Archived
Can the bank come after my fully paid house in Arizona?
Suzanne's answer
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Answered on February 07, 2012
If the property you are letting go to foreclosure is a single family dwelling on less than 2.5 acres and the outstanding balance owed to the bank...
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