Arizona Litigation | Arizona Real Estate | Government Spending

Scottsdale Sued Over Money Paid to Golf Course

Arizona Republic:  “Scottsdale is fighting a lawsuit filed by two residents who claim the city’s contribution toward improvements at the McDowell Mountain Golf Club constitutes an illegal subsidy. . . . John Washington, a former Scottsdale mayoral candidate, and Mark Stuart, a business owner, sued Scottsdale after the City Council signed off on a deal…

Arizona Litigation | Arizona Real Estate

Man Gets 5 Years in Prison for Arizona Mortgage Rescue Scam

Arizona Republic:  “Frank Becerra Campos, 66, of San Diego, and two other men ran advance-fee mortgage-rescue companies that collected at least $669,743 in up-front fees from more than 260 homeowners ‘in exchange for loan modification services they utterly failed to provide,’ according to court documents. . . . Under two business names, the men charged…

Arizona Litigation | Arizona Real Estate

Radical Bunny Managers Lose 9th Circuit Appeal & Must Pay $3.7 Million Fraud Verdict

Azcentral.com:  “A federal appeals court has rebuffed a bid by the four managers of a bankrupt Arizona company to escape paying a $3.7 million verdict for securities fraud. . . . The judges also called it ‘undisputed’ that all four knew they were committing fraud by lying to investors about the nature of what they…

Arizona Real Estate

Boomerang Home Buyers Increasing

Arizona like the rest of the country has suffered through the real estate bust.  Many prognosticators predicted that people who lost homes through foreclosures and short sales would be out of the real estate market for many years due to the bad credit that arises from defaulting on a home loan.  The good news is…

Arizona Real Estate

FHA Streamline Loan Requirements

If you have an existing FHA loan on your primary residence and a fairly good credit score, you may be able to take advantage of the FHA Streamlined Refinancing Program, which eliminates many of the complex steps involved in a typical FHA refinance.   No appraisal is required as long as the borrower reduces their payment…