Real Estate Q&A


  1. Principal reduction on underwater loans?

    Principal reduction on underwater loans?

    User question: Is principal reduction possible on underwater loans or is this a myth?

    • Will short sale affect family trust?

      Will short sale affect family trust?

      User question: Can a short sale be done without affecting a family trust that was a cosigner on the loan?

      • Sale amid foreclosure confusion?

        Sale amid foreclosure confusion?

        User question: Is a contract to purchase, along with the bank's counter and purchaser's agreement to $2,000+ in purchase price, not a binding contract?

        • Use Power of Attorney to sell home?

          Use Power of Attorney to sell home?

          User question: My fiance and I purchased a home together then separated. He is now unavailable to sign papers to sell the home. Can I have him sign Power of Attorney over to me only for his signature and sale of the home?

          • Does 1099-C need to be reported in AZ?

            Does 1099-C need to be reported in AZ?

            User question: It is my understanding that Arizona is an "anti-deficieny state"--Arizona Statue Section 33-814G--therefore if it is a Recourse Debt you can throw away the 1099-C and forget about the canceled monies, which means you do not need to claim them. Is this true?

            • Possible to remove credit enhancement?

              Possible to remove credit enhancement?

              User question: After applying for refinancing, we were informed that we have a credit enhancement on the loan which makes us ineligible for the HARP program. How do we get rid of the enhancement and get our loan refinanced?

              • Lawyer necessary for loan modification?

                Lawyer necessary for loan modification?

                User question: I was contacted by a law firm offering to help me keep my home. Then they said it would cost $4,000 for this assistance. This seems like a lot of money for something I have read I can do myself. Would a lawyer help in this situation or was this a scam?

                PHOENIXLAW.TV


                1. Bills target social media passwords

                  Bills target social media passwords

                  New legislation introduced in both houses of the U.S. Congress this month takes aim at an employer’s right to ask employees for their social networking passwords.

                  • Celebrity divorces show power of prenup

                    Celebrity divorces show power of prenup

                    “The moral of the story is any man or woman who is worth a lot of money should strongly consider drawing up a prenup before getting married.”

                    • Hospital overcharges hit uninsured hard

                      Hospital overcharges hit uninsured hard

                      “Health care is not like any other service industry. Hospital charges are unpredictable and often extremely unfair.”

                      • Mail suspended after recent dog attacks

                        Mail suspended after recent dog attacks

                        The old story involves a dog attacking the mailman, but it's no joke, and it cost one Houston neighborhood its mail service.

                        • Dangerous chemicals in your water?

                          Dangerous chemicals in your water?

                          A recent study of public water supplies tested 35 cities across America and found hexavalent chromium in 31 of them.

                          • Staying safe on amusement park rides

                            Staying safe on amusement park rides

                            Amusement park attractions all have one goal in mind – to entertain you – but occasionally that entertainment can turn to disaster.

                            • Antidepressant does more harm than good?

                              Antidepressant does more harm than good?

                              “If you’re considering taking these anti-depressant medications, you should know about the risks -- especially if you’re a pregnant woman.”

                              • Employers have right to test for drugs?

                                Employers have right to test for drugs?

                                “Each state has its own laws concerning drug testing in the workplace, and they can vary quite a bit from state to state.”

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