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AZ Construction Loans and Anti-Deficiency Rulings

homeowner in the spotlight
Photo Credit: jay-chilli via Compfight cc

 

 

 

 

 

 

AZ Construction Loans and Anti-Deficiency Rulings

Arizona homeowners have some protection when it comes to Construction Loans.  According to a release by Jaburg & Wilk, “Arizona homeowners, for the most part, are protected from their home mortgage lenders attaching other assets such as the cash in the bank, vehicles and jewelry following a foreclosure or trustee sale of their home”.

This is good news for homeowners who run into issues during the construction process.

Top 10 Cities With The Most Depressed Real Estate Values

Do you live in one of these cities? Does the value being “extremely depressed” simply mean that it is a good time to invest?

  1. Gainesville, Fla
  2. Atlanta, Ga
  3. Medford, Ore
  4. Chico, Ca
  5. Mobile, Ala
  6. Tucson, Ariz
  7. Ocala, Fla
  8. Madera, Ca
  9. Santa Barbara, Ca
  10. Reno, Nv

 

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What’s Reasonable Notice to Enter a Property?

repairman
Photo Credit: Neil. Moralee via Compfight cc

This question about reasonable notice was asked by a landlord on InmanNews.  Sometimes Landlords must enter a property to make repairs, but what is considered a reasonable right to enter?  The true answer is, “as much notice as possible”, but the tenant must make reasonable effort to let a repairman in.  As we know with repairmen, this usually leads to windows of time, with little notice.  If a tenant makes an unreasonable request, like 48 hours notice, then you should set expectations that they probably won’t get the repair that they request.