Borrower Not Notified of Trustee's Sale

By Christopher Combs | July 13, 2014

  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

By Christopher Combs | May 4, 2014

  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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Short-Sale Buyer Has Legal Recourse

By Christopher Combs | January 5, 2013

Question: Our brokerage firm represents a buyer that is purchasing an industrial building in the Scottsdale Airpark area. This purchase is a short sale that has recently been approved by the bank, and our buyer is completing the due diligence for the purchase of the industrial building. The market has improved since the purchase contract…

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