by Dianna Jackman, Sr. Escrow Officer Chicago Title Agency There is a new sheriff in town and its name is the CFPB. Beginning January 10, 2014, the Consumer Financial Protection Bureau will now be in charge of policing the mortgage industry under the regulations of the Dodd-Frank rules. According to the new rules under regulation [...]
It is an understatement to say that there are a lot of new landlords in Arizona. While many new landlords are quick to get a lease in front of a tenant just to get it signed, they don’t read the terms of the lease and don’t know what are their rights and obligations. I see [...]
Most investors in the valley like to use what we call a muted contract. A muted contract is just the basics; buyer, seller, who will pay the fees and the closing date. When using a muted contract, in most cases, you remove all the contingencies that are in the standard AAR (Arizona Association of Realtors) [...]
In January, I spent six days with 100+ AZREIA members in training sessions with Eddie Speed. In February, I spent another six days with 100+ AZREIA members in sessions with Robyn Thompson. I was sitting at home one night just thinking about why I enjoy AZREIA so much and why I look forward to the [...]
In any type of business, a party wants to know what their greatest risks are and what are the most common types of problems they will potentially face. In renting property, loss of revenue, damage to the property and personal injury may be the most expensive problems, but lawsuits over security deposits are the most [...]
Question: If my tenant has unauthorized occupants, and I gave him a 10 day noncompliance notice, can I accept rent if it’s offered? Answer: No, unless you get the tenant to sign a partial payment non-waiver agreement acknowledging your right to proceed with the eviction for the non-compliance. A.R.S. § 33-1371 provides that “a landlord [...]
