Arizona Real Estate Lawyers - Real Estate Refinances, Short Sales or Foreclosure s Mark Twain once said, It ain

t what you don t know that gets you into trouble. It s wha t you know for sure that just ain t so. If you purchased or refinanced residential property between 2005 and 2007, you have important questions and probably more t han a few wrong ideas about your real estate investment that an Arizona real est ate attorney can help you with. How much is that property worth today, realistically? Chances are it s worth signi ficantly less than what you owe, so now what? Short sale, foreclosure and real estate taxes You ve considered walking away. You re hoping you can get a break through a governme nt bailout program you heard about. You wonder if it s better to short sale the pr operty or simply let it go to foreclosure. You want to know how all of this may affect your credit. What about taxes? There seem to be a hundred other gnawing q uestions festering in your mind as you review this year s property tax valuation n otice confirming yet another year of steep decline in property value. Distressed Real Estate: find the solution that fits you Unfortunately, there is no one-size-fits-all solution that makes sense for every one. In fact, it is extremely unlikely that what makes sense for you will make s ense for the next person. It is even more unlikely that your best course of acti on will simply occur to you. False assumptions and misinformation abound. Even m ore prevalent is the constant bombardment of advertising from opportunistic pers ons offering you a uniform solution that benefits them with little consideration for what is really in your best interest. Distressed Real Estate: a complex business decision The truth is this: you are facing a very complicated and nuanced business decisi on. Like any business decision, you must be informed on all relevant considerati ons and options, or you are likely to choose poorly. You might be surprised to l earn what facts and circumstances really make a difference in your range of opti ons. The most important factors can be boiled down to the nature of the property and the financing history. From there, any number of irregular circumstances ca n make a big difference. Things like whether it is a VA loan or whether only one of a married couple signed the loan documents. The key is to properly identify and understand the significance of your favorable facts as well as your troubles ome facts. That is where we come in. We ve advised hundreds of homeowners searching for answe rs regarding their distressed real estate. We have thorough knowledge of the rel evant statues, case law and lender practices to help you determine just where yo u stand. More importantly, we can help sort through your issues and available options and develop a customi zed strategy based on your best interests. You have important questions and we h ave the answers, including answers to questions you don t know you have yet. Conta ct our Mesa real estate attorneys today to discuss what you don t know regarding y our distressed real estate, and more importantly, what you know for sure that jus t ain t so. Published By: Mesa Location

Gunderson, Denton & Peterson, P.C. 1930 N. Arboleda, Suite 201 Mesa, Arizona 85213 Office: 480-655-7440 Fax: 480-655-7099 Phoenix Location 40 N. Central Avenue, Suite 1400 Phoenix, AZ 85004 Phone: 480-325-9937 Website: http://gundersondenton.com Re-Published From: http://gundersondenton.com/real-estate-law/real-estate-refina nces-short-sales/