Arizona Real Estate Lawyers - Real Estate Refinances, Short Sales or Foreclosures

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.

How much is that property worth today, realistically? Chances are it’s worth significantly less

than what you owe, so now what?

Short sale, foreclosure and real estate taxes

You’ve considered walking away. You’re hoping you can get a break through a government

bailout program you heard about. You wonder if it’s better to short sale the property or simply

let it go to foreclosure. You want to know how all of this may affect your credit. What about

taxes? There seem to be a hundred other gnawing questions festering in your mind as you

review this year’s property tax valuation notice confirming yet another year of steep decline in

property value.

Distressed Real Estate: find the solution that fits you

Unfortunately, there is no one-size-fits-all solution that makes sense for everyone. In fact, it is

extremely unlikely that what makes sense for you will make sense for the next person. It is even

more unlikely that your best course of action will simply occur to you. False assumptions and

misinformation abound. Even more prevalent is the constant bombardment of advertising from

opportunistic persons offering you a uniform solution that benefits them with little

consideration for what is really in your best interest.

Distressed Real Estate: a complex business decision

The truth is this: you are facing a very complicated and nuanced business decision. Like any

business decision, you must be informed on all relevant considerations and options, or you are

likely to choose poorly. You might be surprised to learn what facts and circumstances really

make a difference in your range of options. The most important factors can be boiled down to

the nature of the property and the financing history. From there, any number of irregular

circumstances can make a big difference. Things like whether it is a VA loan or whether only

one of a married couple signed the loan documents. The key is to properly identify and

understand the significance of your favorable facts as well as your troublesome facts.

That is where we come in. We’ve advised hundreds of homeowners searching for answers

regarding their distressed real estate. We have thorough knowledge of the relevant statues,

case law and lender practices to help you determine just where you stand. More importantly,

we can help sort through your issues and available options and develop a customized strategy

based on your best interests. You have important questions and we have the answers, including

answers to questions you don’t know you have yet. Contact our Mesa real estate attorneys

today to discuss what you don’t know regarding your distressed real estate, and more

importantly, “what you know for sure that just ain’t so.”

Published By:

Gunderson, Denton & Peterson, P.C.

1930 N. Arboleda, Suite 201

Mesa, Arizona 85213

Office: 480-655-7440

Fax: 480-655-7099

Website: http://gundersondenton.com

Re-Published From: http://gundersondenton.com/real-estate-law/real-estate-refinances-short-

sales/