Many Arizona homes are currently underwater, leaving homeowners left with the decision of staying in a house not worth its value, or walking away from the house. There are two main options to consider in order to walk away from your home. You can either short-sale the home or leave the home, causing the bank…
Many Anthem residential tenants have become victims of their landlord’s inability to pay their mortgages. When a landlord fails to pay the amount due on a mortgage, banks have the option to foreclose on the property rented. One result in this situation is that the new owner of the property may evict the tenant. A…
In many cases, a short sale would be a beneficial option to homeowners suffering from too much debt. A short sale is the sale of a home where the bank agrees to allow the sale of the home without getting full payment of the debt on the home. A short sale can have some very…
Recently, due to the number of homes underwater in our community, our firm has experienced an influx of clients seeking advice regarding Short Sales. We now offer in office, hour Short Sale Consultations one-on-one with our attorneys for $250.00, which can potentially save our clients thousands or hundreds of thousands of dollars. We also offer…
For those of you that follow the postings on our website because you are a victim of the Real Estate Fraud Scheme committed of Mr. Ken Plein, the headline, “EARN 9% RETURN ON REAL ESTATE SECURED INVESTMENT,” brings back many unpleasant memories. My purpose for posting this title was not to remind those that we…
When you think of Arizona being in a desert, you usually don’t worry about a home being “underwater”. However, if you happen to be among the thousands of Arizona homeowners that purchased a house between 2001 and 2006 your home may very well be underwater! These days “underwater” means that the remaining balance on your…
This summer, “The Great Recession” achieved another sobering record when the number of initial home foreclosure notices pumped out by those bank “robo-signers” hit the one million mark, and that was for this summer alone! Millions have already lost their homes and in Arizona one out of 55 homes have received foreclosure notices, with the…
Our nation has just experienced an historic drop in the market value of real estate. The so called “Real Estate Bubble Bust” has wiped out trillions of dollars in perceived value in real estate and has resulted in a gross devaluation of both residential and commercial real estate. The vortex of price deflation has caused…
During this down economy, the real estate values have declined drastically. This has caused many to find themselves in an upside- down house. This means that a home’s value is less than the mortgage owed. Unfortunately, this is causing some to walk away from their home without looking for possible solutions to their financial situation.…
It, indeed, has been a tough few years with the economy taking longer to recover than what everyone hoped. Many average, hard-working people are at the point where they have to do something to turn their financial situation around. Being married can even make this already difficult scenario even more complex. Will a separate bankruptcy…
During this time of heightened concerns over COVID-19, The Carroll Law Firm, PLC is open and can provide telephonic appointments for many types of consultations.