What Happens If I Die Without a Trust in Arizona?
If you pass away without a trust in Arizona, your estate will likely go through probate. That means court involvement, public filings, delay, and additional expense for your family. Most people don’t realize this until it’s too late. Let’s walk through what actually happens. Step 1: Probate Is Opened If you die owning assets in […]
What Are The Tax Consequences Of A Short Sale In Arizona?
[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”] Hi and welcome to another segment of “Most Common Asked Questions with Wells Realty and Law Groups”. As always, you can ask questions in the comments below this video or you […]
Mortgage Forgiveness Debt Relief Act May Get an Encore
In less than four months one of the clearest safeguards for Arizona’s distressed homeowners attempting a short sale is set to expire. The Mortgage Forgiveness Debt Relief Act of 2007 (“Act”) has made the choice between short sale and foreclosure a much easier one to make, and it may just stick around for an additional […]
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 […]