Lenders on the Hunt: Pursue Those Who Did a Strategic Default?

The increase in number of those who chose to do a strategic defaulter has made collection an expensive and ineffective process.   The economic downturn in 2008 was the trigger for real estate bubble, which left millions of homeowners underwater. Most of the properties lost their value and homeowners lost any potential hope of regaining […]

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Short Sale Attorney to discuss legal side of Short Sale Arizona

Short Sale Arizona topics to be covered by Short Sale Attorney on radio show for distressed market   William A. Kozub of Beren’s, Kozub, Kloberdanz & Blonstein will be joining Arizona Short Sale Realtor Tracy “Royce of Real Estate” on Real Estate Rescue Radio.   Real Estate Rescue Radio is Arizona’s premier radio show dedicated […]

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How to Get Out of Deficiency Judgement After Short Sale

Avoid foreclosure but make sure the lender cannot pursue you later   There could be nothing worse than losing your house. But, sometimes it’s the only options to get out of a financial mess. Ideally, it allows homeowners to move on to a new place that are not over-leveraged, and pays the bank at least […]

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Arizona Foreclosures Hardly Affected by Debt Relief Extension

State law keeps the Arizona foreclosure process running as normal   Although many homeowners across the country were nervously awaiting the outcome of the Mortgage Forgiveness Debt Relief Act of 2007 expiration, the wait was anything but stressful for Arizona homeowners that understand the basis of non-recourse debt.   The act, which previously allowed homeowners […]

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Arizona Short Sale Law: Purchase money mortgages explained

Arizona Short Sale law can be confusing when it comes to topics like construction loans, investment property and how & when purchase money applies.   This article was published as: “Short Sales & Arizona Anti Deficiency Law” September, 2012 issue of Arizona Journal of Real Estate & Business, by Daniel Kloberdanz. Any and all copyright […]

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Foreclosure Process in Arizona: Short Sale Help & Anti Deficiency

How Anti Deficiency laws apply during the Foreclosure Process in Arizona for Arizona Short Sales   A commonly asked question I get from homeowners during the foreclosure process in arizona Arizona is, can the banks come after me later if I complete a short sale?   What they’re really asking is, can I be liable […]

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Arizona Anti Deficiency Laws and Short Sales

What is Anti-Deficiency Protection? It’s worth noting that addressing deficiency simply covers the ability of the foreclosing lender to pursue the Sellers for the difference of what they were owed and what the home sold for; and has nothing to do with the Sellers tax liability on any forgiven debt…those things are separate.   Anti-Deficiency […]

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Freddie Mac updates deficiency judgement waiver

Freddie Mac, a quazi-governmental secondary mortgage market company, has updated it’s information to servicers about seeking judgements against borrowers. What is good news for borrowers, is that they are announcing that they will not seek a deficiency judgement against any borrower after a deed in lieu of foreclosure or short sale, if the sale was […]

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Compassion & Clarity from your Team

“Hi Tracy...Thank you for keeping in touch and keeping us advised as steps progressed. .Reg and I are soooo very thankful for you and the Team’s handling of all the sheets and letters we received from our mortgage company. We are sorry we lost our beautiful home, but glad it was handled the next best way (for our credit) and that someone else now desires it..."...

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