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Articles By christopher combs

Protection For Arizona Homeowners Who Default On Mortgage Loans Secured By Their Home   By: christopher combs
In the current Arizona real estate market there is confusion about a homeowner’s liability to the lender for a home that is “upside down,” i.e., the home is worth less than the amount of the loan on the home.(read entire article)
View : 236 Times
Category : Legal

Jury Awards Large Commission In Commercial Property Dispute   By: christopher combs
One of the largest jury verdicts awarding a brokerage commission in Arizona history was recently awarded from a commercial property dispute. A Scottsdale real estate agent was awarded a commission of $420,000 against a brokerage firm who had listed a large office building in north Scottsdale in this.(read entire article)
View : 139 Times
Category : Legal

Update On Court Decisions And The Arizona Anti-deficiency Statutes   By: christopher combs
Arizona and a small minority of other states have adopted anti-deficiency statutes to prohibit a homeowner's personal liability after losing a home to foreclosure. In the past two years there has been both a rapid increase in homeowners Arizona who default on mortgage home loans and a rapid decline in home values.(read entire article)
View : 116 Times
Category : Legal

Chapter 7, 11 And 13 Bankruptcy Demystified   By: christopher combs
The worldwide recession has left few people untouched. Bankruptcy is on the minds of many people. Those who have lost jobs or who have been devastated by failed investments may benefit from the fresh start that bankruptcy can offer.(read entire article)
View : 101 Times
Category : Business

The Pending Real Estate Litigation Standard In Arizona   By: christopher combs
When filing a lawsuit for specific performance for the sale of a home or other real property contract, buyers often employ the standard legal tactic of contemporaneously recording a notice of lis pendens (lis pendens is Latin for “pending litigation”) with the County Recorder’s Office. This lis pendens places any other buyer on notice that the title to the property is involved in real estate litigation.(read entire article)
View : 80 Times
Category : Real Estate and Foreclosure

The Standard For Lis Pendens Or Pending Real Estate Litigation In Arizona   By: christopher combs
Often when filing a lawsuit for a specific performance for the sale of a home or other another real property contract, buyers will employ the customary legal tactic of contemporaneously recording a notice of lis pendens (lis pendens is Latin for “pending litigation”) with the County Recorder’s Office.(read entire article)
View : 121 Times
Category : Legal

Test Your Arizona Real Estate Law Iq   By: christopher combs
If you have ever wanted to test your knowledge of Arizona and real estate law, here is a chance with the following four (4) questions & answers.(read entire article)
View : 159 Times
Category : Real Estate and Foreclosure

Property Transfer 101 The Common Means To Transfer Real Property Interests In Arizona   By: christopher combs
In Arizona, the most common types of deeds used to transfer an interest in real property are the general warranty deed, the special warranty deed, the quit claim deed and the beneficiary deed.(read entire article)
View : 109 Times
Category : Real Estate and Foreclosure

In Az Real Estate Law Should Married Own Home As Community Property With Right Of Survivorship?   By: christopher combs
In 1995 the Arizona legislature authorized a husband and wife to hold title to their home (and other real property and even personal property such as stocks and bonds) as community property with right of survivorship (“CPWROS”).(read entire article)
View : 98 Times
Category : Real Estate and Foreclosure

Can An Arizona Real Estate Listing Broker Be Liable For Two Co-broke Commissions?   By: christopher combs
Here is an interesting Arizona real estate law scenario: A seller signs a listing agreement with a list price of $200,000. The listing broker places this $200,000 listing in the Multiple Listing Service (“MLS”). The next morning the listing broker receives, at approximately the same time, cash offers for the $200,000.00 list price from two wealthy buyers.(read entire article)
View : 147 Times
Category : Real Estate and Foreclosure