Deed of Home to Son Can Probably be Rescinded

  Question:  After my husband died I became the sole owner of our Surprise home which we owned free and clear.  Two years ago my granddaughter got in a bad automobile accident with no medical insurance.  My son said that if I deeded my home to him, he could get a mortgage on my home…

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Borrower Not Notified of Trustee's Sale

  Question: Two years ago, I let my brother and his family stay in my house in Cottonwood. Instead of paying rent, my brother agreed to make the mortgage payments. Although I knew he was having trouble recently making some of the payments, my brother kept promising me he would bring the mortgage current. He…

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Foreclosure and Your Taxes

  Question:  We bought our home in a new Gilbert subdivision six years ago.  Although there has been some appreciation lately, our home is worth only $260,000.  We still owe $380,000 on the mortgage.  After my husband lost his job last year, we finally had to stop making payments, and the foreclosure occurred this February.…

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