In the dynamic realm of real estate, buying or selling property is a significant milestone that involves several intricate legal aspects. Understanding the nuances of Arizona real estate law is crucial to ensure a smooth and legally sound transaction process.
Real Estate Law
The key to “passive income” is to allow your money to work for you. Tax liens are an effective way to do this. In Arizona, an individual may buy tax liens and gain up to 16% on their investment if they are redeemed.
Financial investors are quick to suggest that investors diversify. One of the best ways to diversify your investments is to loan money to others. Effectively, you are the bank. You are entitled to the return of your investment (principal) and interest on the loan.
One of the more common defenses in a foreclosure actions is the “show me the note” defense. The defendant is effectively saying “I may be guilty of not paying my loan, but you can’t prove that you own it.” For a while, this defense might have worked, due to poor record keeping or some other reason. However, as more courts address that defense, it is becoming very limited.