Real Estate Topics

Investing in Real Property Tax Liens

In Arizona, counties can place a lien on real property for unpaid property taxes and subsequently auction off the lien to investors in the form of a tax lien certificate. A separate tax lien certificate is issued and auctioned off for each year of unpaid taxes, which means there could be multiple investors on the same property. The tax lien is prior and superior even to a mortgage or deed of trust securing a loan on the property.

read more

Rental Property Registration

Rental properties can be a great investment but sometimes they can give you a headache. One way to eliminate potential headaches is to know the laws governing rental properties in Arizona. Many landlords are not aware of an Arizona statute which requires landlords to register their rental property with the assessor in the county where the property is located.

read more

Maricopa County Property Taxes – 2017 Notice of Value

Attention Maricopa County property owners! Be on the lookout for the Maricopa County Assessor’s 2017 Notice of Value. Most were mailed on February 19, 2016. You have 60 days to file a direct appeal to the Assessor from the date the Notice of Value was mailed. In Maricopa County, April 19 is the deadline to appeal the Maricopa County Assessor’s assignment of property value to your home for 2017 directly to the Assessor.

read more

Some Pros and Cons of Reverse Mortgages

Over the last few years a reverse mortgage has come back into focus, for seniors and those who plan with them. In general, a reverse mortgage converts home equity into cash in several different ways, ranging from monthly payments to an equity line to one-time payouts — or a combination.

read more

Property Tax Information

County assessors throughout Arizona are mailing annual notices of tax valuation to all property owners over the next two months. You should examine yours carefully to make sure the assessment is accurate. If you are not happy with the value, you have a limited time to appeal. You must file the appeal within 60 days after the card was mailed. Having your property value reexamined could save you hundreds, if not thousands, of dollars a year.

read more

Rental Properties Alert

Arizona law effective on 01/01/12 that is addressed at property owners who are renting out residential property but not properly classifying the residence as a rental with the appropriate County Assessor. With the next mailing of valuation notices to property owners [usually in February], there will be an affidavit attached requiring property owners to (i) attest that they or a family member are occupying the property as their primary residence and (ii) return the affidavit to the county. If the affidavit is not filed within 60 days, the property will be classified as a rental property and the property taxes could increase. This procedure will be repeated every other even-numbered year.

read more

Show me the note!

You may have heard stories on the news where a homeowner stopped a foreclosure by demanding that the bank produce the original promissory note after the loan was sold to a second bank. Some have referred to this as a “show me the note” tactic. Due to a recent decision by the Arizona Court of Appeals, this tactic may no longer viable in Arizona, for now.

read more

Don’t be an April’s Fool

Although the internet has provided us with a convenient way to communicate and an instantaneous portal to information, it has also exposed us to scammers who use its power to try to separate us from our hard-earned money or phishers looking for our personal information. Recent breaches of security of companies with large storehouses of information have made us even more exposed. Even lawyers are not immune.

read more

Hidden Treasure in Liens

Many Arizonians have been searching for a way to rebuild their portfolios. Believe it or not, there is a potentially a very profitable investment tool that exists throughout Arizona that may help and even create a new fortune. This hidden secret is buying property tax lien certificates.

read more

Appealing Property Value Could Save Big Bucks

County assessors throughout Arizona are mailing annual notices of property tax valuation to all property owners, and you should look at yours carefully to make sure the assessment is accurate. In my experience, having your property value reexamined could save you hundreds if not thousands of dollars a year.

read more

Mortgage debt forgiveness: Are you liable for phantom income?

Losing one’s home in a lender’s foreclosure is a traumatic event for any family. Unfortunately, the IRS can add to a family’s financial hardship by assessing a “phantom income” against a taxpayer for the amount of the foreclosure debt forgiven. However, knowledge and proper application of the law can help you reduce your tax burden.

read more

Mortgage Mess

Many Arizonans have taken a beating in loan defaults, foreclosures and bankruptcies. For those people there is a value in closing an unpleasant chapter and opening a fresh page on which to write a better story. We have been gratified in providing clarity and planning for a better day. After all, first and foremost, Our Business Is Your Peace of Mind®.

read more

All Rights Reserved - Copyright © 2004-2017 Hymson Goldstein Pantiliat & Lohr, PLLC
16427 North Scottsdale Road, Suite 300 Scottsdale, AZ 85254 Phone 480-991-9077