Arizona Real Estate Notebook

Robert Bruss HIRE A REAL ESTATE ATTORNEY FOR DO-IT-YOURSELF SALE UNRECORDABLE QUITCLAIM DEED IS VIRTUALLY WORTHLESS

Robert Bruss Each mortgage lender is required to disclose all fees on the lender’s Good Faith Estimate (GFE), which must be supplied to you within three days after you submit a written loan application. This form, however, is not binding on the lender and there is no penalty or legal enforcement for a lender’s false [...]

Robert Bruss I.R.S. HAS NO EXACT ANSWER HOW LONG HOUSE MUST BE RENTED DON’T CONFUSE PMI WITH FHA INSURANCE

Robert Bruss TITLE MUST BE CLEARED BEFORE SELLING PROPERTY INVESTING IRA MONEY IN REAL ESTATE

Bob Bruss Your situation shows another danger of buying direct from a home seller without the benefit of an experienced real estate agent to protect both parties. SHOULD HOME SELLER REPLACE AN 18-YEAR-OLD ROOF? RECASTING A MORTGAGE MAY BE CHEAPER THAN REFINANCING

Bob Bruss HOW TO RENOUNCE AN INHERITANCE WHAT IS “NORMAL” DEPOSIT TO BUY A $350,000 CONDOMINIUM? WOULD YOU PAY $150 TO GET RID OF PMI? $67-PER-MONTH MORTGAGE SOUNDS TOO GOOD TO BE TRUE HOW TO GET RID OF AN OLD MORTGAGE THIS MORTGAGE REFINANCE PLAN MAKES NO SENSE

Jack Guttentag Can feds step in to stop mortgage broker greed?

Dian Hymer

Bob Bruss on buying probate properties. “Exposure to the real estate marketplace is the enemy.” Because probate sales usually receive very little publicity, they often lead to bargain realty purchases.

This Scottsdale home is gorgeous inside and very nice in front but the seller and I weren’t happy with the curb appeal. The inside is meticulously cared for, staged very well and just shows wonderfully. The home has received rave reviews from Realtors and their clients. But I wasn’t happy with the curb appeal. It [...]

Bob Bruss Don’t be fooled by an “office exclusive listing,” which means the property will be marketed only by agents in the listing agent’s brokerage firm. Home sellers need maximum market exposure for their listings and the MLS is the most powerful sales tool available. MUST HOMEOWNER GET A NEW DEED AFTER PAYING OFF MORTGAGE? [...]

You can’t always be gone during showings. If you work at home, you may not be able to leave for all showings. If you have small children and one is napping, you may not want to leave. Here is why you should leave when you can when your home is being shown – to get [...]

Bob Bruss. INDIVIDUAL CAN’T PLACE A LIEN WITH THE CREDIT BUREAUS ADD HOME-IMPROVEMENT COST TO YOUR HOME’S BASIS

Bob Bruss. 1. Basically sound condition without major structural defects. 2. Good location with a low crime rate. 3. Good-quality school district. 4. Need for profitable cosmetic fix-up work, but not major unprofitable repairs. 5. Purchase price at least 30 percent below the market value of nearby comparable homes in good condition. 6. Purchase from [...]

Home Sellers – You should disclose home additions built without permits to prevent being sued in the future. If the sellers disclosed the illegal garage conversion and patio, you’re out of luck — you were properly forewarned. But if they didn’t, you may be able to sue them to recover the costs of the repairs. [...]

Let’s not forget the advantages of buying one of those many foreclosures or REO properties as an investment. Bob Bruss on the pros and cons of owning rental houses.

Dian Hymer takes on the question of square footage. I’ve heard that square footage is the number one reason a home Seller gets sued by the Buyer and I believe it. If the Seller says a home has 2,000 square feet and after the Buyer moves in he finds out it has 1,750 square feet, [...]

Bob Bruss Top 5 reasons buyers won’t commit to purchase

Bob Bruss ARE POST-MORTEM DEEDS VALID? CHANGING CONDO DOCUMENTS CAN BE A BIG HASSLE

This one by Bob Bruss has a pretty funny stupid homeowner story. (I glad it wasn’t me!)