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How REALTORS® Can Add Value and Generate Referrals by Identifying Blind Spots

Laying Down the Law

By: Christopher J. Charles, Esq. & special guest John Skabelund, Esq.   Successful REALTORS® know that ecstatic clients are the best sources for referrals.  Delivering unexpected value to your clients is the easiest way to exceed a client’s expectations.  Identifying a real estate transaction’s “blind spots” is a cost-effective way to create loyal clients.  Blind… Read more

Avoiding Real Estate Malpractice Arizona REALTORS® Duty to Disclose

Laying Down the Law

By: Christopher J. Charles, Esq. & special guest Scott Burns, Esq.   It has been famously said that “with great power comes great responsibility.”  This is especially true for REALTORS® who, under Article 26 of the Arizona Constitution, may draft any and all instruments, including contracts, incident to the sale, exchange, trade, or leasing of… Read more

Hope Springs for Loan Modifictions

Laying Down the Law

By Christopher J. Charles, Esq.   Generally speaking, the federal government’s loan modification program has been a bust. The U.S. Department of Treasury launched the Home Affordable Modification Program (“HAMP”) in 2009 to help distressed homeowners with delinquent mortgages.  But as the 9th Circuit Court of Appeals recently observed, HAMP has “created more litigation than… Read more

How to Quickly Restore Credit Follwing a Short Sale or Foreclosure

Laying Down the Law

By Christopher J. Charles, Esq.   It should be no surprise that a short sale or foreclosure negatively impacts a borrower’s credit score.  In fact, in many cases, a borrower with a completed short sale or foreclosure may have to wait two to seven years before qualifying for FHA or conventional financing.  Due to today’s… Read more

How to Minimize or Eliminate Tax Liability Regarding Mortgage Debt Forgiveness

Laying Down the Law

By Christopher J. Charles, Esq.   The general rule is that the forgiveness of debt is a taxable event. 26 U.S.C. § 61(a)(12).  Thus, debt forgiveness is typically included within a taxpayer’s gross income. For example, if I loan my uncle $100,000 to open a new fast food franchise, and then later I hit the… Read more

Commercial Evictions Surge

Laying Down the Law

By: Christopher J. Charles, Esq.   Along with snow in the Valley and home-town favorite Phil Michelson’s third victory at the Phoenix Open, 2013 has also ushered in an increase in commercial lease defaults.  Fortunately for landlords, however, Arizona law provides significant remedies for commercial landlords when a tenant defaults. Two examples are the non-judicial… Read more

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