Mark Twain once said, “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” If you purchased or refinanced residential property between 2005 and 2007, you have important questions and probably more than a few wrong ideas about your real estate investment that an Arizona real estate attorney can help you with.
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1. Arizona Real Estate Lawyers - Real Estate Refinances, Short
Sales orForeclosuresMark Twain once said, It aint what you dont
know that gets you into trouble.Its what you know for sure that
just aint so. If you purchased or refinancedresidential property
between 2005 and 2007, you have important questions andprobably
more than a few wrong ideas about your real estate investment that
anArizona real estate attorney can help you with.How much is that
property worth today, realistically? Chances are its
worthsignificantly less than what you owe, so now what?Short sale,
foreclosure and real estate taxesYouve considered walking away.
Youre hoping you can get a break through agovernment bailout
program you heard about. You wonder if its better to shortsale the
property or simply let it go to foreclosure. You want to know how
allof this may affect your credit. What about taxes? There seem to
be a hundredother gnawing questions festering in your mind as you
review this yearsproperty tax valuation notice confirming yet
another year of steep decline inproperty value.Distressed Real
Estate: find the solution that fits youUnfortunately, there is no
one-size-fits-all solution that makes sense foreveryone. In fact,
it is extremely unlikely that what makes sense for you willmake
sense for the next person. It is even more unlikely that your best
courseof action will simply occur to you. False assumptions and
misinformation abound.Even more prevalent is the constant
bombardment of advertising fromopportunistic persons offering you a
uniform solution that benefits them withlittle consideration for
what is really in your best interest.Distressed Real Estate: a
complex business decisionThe truth is this: you are facing a very
complicated and nuanced businessdecision. Like any business
decision, you must be informed on all relevantconsiderations and
options, or you are likely to choose poorly. You might besurprised
to learn what facts and circumstances really make a difference in
yourrange of options. The most important factors can be boiled down
to the nature ofthe property and the financing history. From there,
any number of irregularcircumstances can make a big difference.
Things like whether it is a VA loan orwhether only one of a married
couple signed the loan documents. The key is toproperly identify
and understand the significance of your favorable facts aswell as
your troublesome facts.That is where we come in. Weve advised
hundreds of homeowners searching foranswers regarding their
distressed real estate. We have thorough knowledge ofthe relevant
statues, case law and lender practices to help you determine
justwhere you stand. More importantly,we can help sort through your
issues and available options and develop acustomized strategy based
on your best interests. You have important questionsand we have the
answers, including answers to questions you dont know you haveyet.
Contact our Mesa real estate attorneys today to discuss what you
dont knowregarding your distressed real estate, and more
importantly, what you know forsure that just aint so.Published
By:Mesa LocationGunderson, Denton & Peterson, P.C.1930 N.
Arboleda, Suite 201 Mesa, Arizona 85213
2. Office: 480-655-7440Fax: 480-655-7099Phoenix Location40 N.
Central Avenue, Suite 1400Phoenix, AZ 85004Phone:
480-325-9937Website: http://gundersondenton.comRe-Published From:
http://gundersondenton.com/real-estate-law/real-estate-refinances-short-sales/