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I inherited a property in Arizona – What should I do now?

When you inherit a property, the first thing to decide is what you would like to do with it: Decision #1 – Do I want to live in the property, rent it out, use it for some other purpose, or sell it? If you inherited a house and want to live in it, then you […]

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How Your Credit Score is Calculated

Have you ever wondered how credit bureaus come up with your credit (FICO) score?  Here is the breakdown of how it is calculated: Payment History: 35% Current Amounts Owed: 30% Length of Credit History: 15% Inquiries/New Debt: 10% Types of Credit: 10% You can get your credit report for free at annualcreditreport.com.  

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Tax Consequences of a Foreclosure, Short Sale, or Deed in Lieu of Foreclosure

I have done a fair amount of research into the potential tax consequences of a Short Sale, Foreclosure, or Deed in Lieu of Foreclosure. There seems to be a lot of confusion about it, even among CPAs and other tax professionals. Hopefully this will clarify things a little bit. DISCLAIMER: I am not a CPA […]

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Where is the Phoenix Real Estate Market Headed in 2015?

The Phoenix, Arizona (Phoenix metro area) real estate market has been through some of the most significant ups and downs in the country over the last several years. In June 2006, at the apex of the bubble, the median home price across the greater Phoenix area reached a high of $280,000, with an average price […]

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How To Avoid Running Into Mortgage Paying Trouble for Phoenix Homeowners

You may think it’s only the tenant who has a hard time paying the mortgage, but as a real estate investor or landlord, there may be times when it’s hard to pay the mortgage on your end as well. Here are some things you can do to avoid facing difficulty in paying your mortgage each month. Keep […]

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