Online Articles
LAYING DOWN THE LAW – HOW LONG CAN A LENDER WAIT BEFORE FORECLOSING OR SUING ON A NOTE?
Laying Down the Law
October 31, 2018
Christopher J. Charles, Esq. Bryan Eastin, Esq. Justice Oliver Wendell Holmes, Jr. once asked: “What is the justification for depriving a man of his rights, a pure evil as far as it goes, in consequence of the lapse of time?”¹ There are several reasons to consider when answering this age-old question. First, our laws… Read more
Market Update: Mortgage Rates, Sales and New Listings
Market Update
October 31, 2018
Fletcher Wilcox Grand Canyon Title Agency Mortgage Rates in Perspective Since 1971 Freddie Mac has tracked the thirty-year fixed mortgage rate. Chart One shows a partial history of their tracking. The year with the highest annual average thirty-year fixed mortgage rate was in 1981 when it was 16.63 percent. In 1990 it was 10.13… Read more
The State of the Arizona Economy
Local
October 31, 2018
Sarah Kirsch Richardson Tru Realty If you all haven’t subscribed to Elliot Pollack’s Monday Morning Quarterback, then stop reading this right now and subscribe. If anyone has the crystal ball on the Arizona economy, it’s Elliot. Listening to him speak is always a treat if you can get a ticket for the room. In… Read more
“Fix-up” Costs Before Sale & 1031 Exchanges
General Real Estate, Investing
October 31, 2018
Joe Callaway Asset Preservation, Inc. It is common for many Arizona real estate investors to make repairs, updates, and improvements to enhance a relinquished property in preparation for listing with a real estate agent or broker. A commonly asked question by investors in Arizona is, “Can I be reimbursed from the 1031 exchange for… Read more
How MLOs and Real Estate Agents Make a Great Team
General Real Estate
October 31, 2018
Britt Scearce Emery Federal Credit Union Purchasing a home can be a tedious, complicated process for home buyers. Not to mention, it’s a pretty big deal! Amidst the life-changing decisions, having support from trustworthy professionals (cough, cough: a quality mortgage loan officer and real estate agent team) will help to make the process as… Read more
DST 1031 Exchanges
General Real Estate, Investing
October 31, 2018
Paul Ohanian Scottsdale Wealth Planning In the course of my business working with high-net-worth families, I have been exploring solutions for clients who are planning to sell their commercial or investment real estate property, often in preparation for retirement, including 1031 exchanges and DST 1031 exchanges. Real estate professionals may already be familiar with… Read more
Myths About Real Estate Appraisals
Appraisal, Market Forecast
October 31, 2018
Beth Sigg Northwest Real Estate Services If you are a real estate agent, understanding the basics and nuances of appraisals will help you close more transactions with very few “blips” along the way. And if you’re a consumer who owns real estate, you may encounter the appraisal process as a part of obtaining a… Read more
The 2019 AZ Market Forecast
General Real Estate, Market Forecast
October 31, 2018
Phil Sexton Sibbach Team – Realty ONE Group The Greater Phoenix real estate market has seen many changes in the last 7 years. Prices have gone up year-over-year. Sales volume has also improved year-over-year. The Sibbach team’s production has increased every year since 2011. But there is still a bit of caution in our… Read more
November 2018 – Letter From the Publisher
Publisher's Letter
October 31, 2018
Nate Hoelzen President, Arizona Journal of Real Estate & Business Dear Readers, As you look ahead to plan for 2019, it’s important to take a step back and learn from what the Arizona real estate market experienced in 2018. Throughout the past year, you’ve seen home prices steadily increasing, mortgage rates rising, and single-family homes… Read more
LAYING DOWN THE LAW – WORD OF THE DAY: “ENCUMBRANCE”
Laying Down the Law
October 1, 2018
Christopher J. Charles, Esq. Phillip A. Overcash, Esq. Break out your dictionaries; or just rely on the word of the Arizona Court of Appeals to define “encumbrance” in the real estate world. In Baumgartner, et al. v. Timmins, 1 CA-CV 17-0484, the Arizona Court of Appeals recently held that certain affidavits recorded against real… Read more