Got Questions?
Get answers to frequently asked questions...and question you should be asking.
:
Read the AZ Short Sale FAQ...
What Others are Saying…
"Wells Realty and Law Group took care of everything from start to finish." ~ Celia B. (Phoenix, AZ)
Find out what our clients are saying about us. Hover cursor over image below and click Google Places:
Featured Blog Posts
Cash For Short Selling A House Under New Bank Of America Incentive Program
Bank of America recently announced on its website that it will be considering homeowners that are attempting short sales for seller incentives of up to $30,000. The incentive program is now being released nationwide after a successful result in a trial program attempted in Florida. ALTERNATIVE SELLER INCENTIVE PROGRAMS Up to this point incentives have [...]
Q&A: How Does A Short Sale Affect Me If I Claimed The Home Buyer Tax Credit?
We have had several clients ask about how a short sale or foreclosure affects their responsibilities to pay back the Home Buyer Tax Credit recently. Under the general rules an individual that claimed the 2008 Home Buyer Credit is required to pay back the entire amount of the credit, up to $7,500 if the home [...]
Great News! New Federal Guidelines Will Make Short Sales Shorter
One of the biggest draw backs for a short sale is the amount of time it takes to get approval from the banks servicing the loan(s). In extreme cases it can take over nine months to get an loan approved for a short sale. During that time, properties can be vandalized, buyers can lose interest, and [...]
Depression Feeling Dealing with Real Estate Foreclosure + MORE
More foreclosure news from around the nation. In the first article, you’ll find seven smart ways to bolster your mental, emotional and physical health when dealing with a home foreclosure situation. In the second article, we find mortgage regulators and elected officials battling it out to each get their way. Continue reading: Foreclosure Feeling Dealing [...]
Foreclosure Related News from Around the Country
Foreclosure related news from around the country: Bank of America Smacked with Foreclosure Fraud Lawsuits – implode-explode.com “Although Bank of America (BoA), along with other big banks like Wells Fargo, Citibank, Ally/GMAC and JPMorgan Chase, recently reached a very favorable settlement of potential criminal fraud charges related to their mortgage lending practices, two recently unsealed [...]
Real Estate Law Questions: Can I Back Out Of My Purchase Contract After It Was Signed By the Seller?
The short answer to this question is yes. Assuming the contract is valid, the consequences of backing out of a purchase contract require a longer, more complicated answer that is dependent on the terms of the contract and the reasons for rescinding the offer. Inspections Uncovered Property Damage A standard Arizona purchase contract allows for a [...]
Arizona Credit Union Squanders Member Funds
TruWest Credit Union is throwing away its members investments and forcing foreclosure on its own members’ loans, while acknowledging foreclosure alternatives such as short sale would mitigate its members’ losses. On March 13, 2012 attorney Alysse Medina of Collins, May, Potenza, Baran and Gillespie, P.C. informed an Arizona family on behalf of TruWest that their [...]
Stepping In The Middle Of A Preforeclosure Procedure + MORE
Falling Home Prices are a Plus – eforeclosuremagazine.com When most people examine the current real estate market a few things become apparent. First and foremost, there has been a significant decline in home prices since 2006. Second, the foreclosure inventory is incredibly large. Finally, interest rates remain low. Immediately you are likely to see the [...]
Tenant Rights In Foreclosure – What It Takes To Evict You
When a rental property is foreclosed on by a lender, there is a path of destruction left in the wake. One of the forgotten victims in this situation is the existing tenant and their family. Recently we have received several questions from tenants that have been contacted by the investors that purchased the rental property at [...]
Loan Modification Treated The Same As Short Sale On Credit Report
I was speaking with a loan officer today and learned something very interesting about how loan modifications are treated on a credit report. Individuals with loan modifications are treated the same as those with short sales in their past for purposes of obtaining a loan to purchase a home in the future. Loan Modification = [...]
Meet Our Team
The Wells Law Group, PLLC, was founded by Scottsdale real estate attorney Jason Wells, Esq., to offer full service representation for real estate related matters in the Phoenix metro area of Arizona. In addition to providing highly competent legal representation, Jason is also a licensed realtor in AZ.
Joining Jason in AZ real estate law is Chris Niederhauser, Esq. Together, Jason and Chris help Phoenix area homeowners facing home foreclosure understand foreclosure laws and the foreclosure process...often avoiding home foreclosure entirely.
Read more About us...
News