Jaburg Wilk

News/Publications

Foreclosure

  • Arizona Judicial Foreclosure Timeline Chart

    Arizona Judicial Foreclosure Timeline Chart

    About the Authors: Lawrence E. Wilk For more than three decades, Lawrence E. Wilk has represented creditors, trustees, receivers, and debtors in significant bankruptcy cases in federal, state, and bankruptcy courts. His clients include banks, insurance companies, leasing companies, and private parties with investments secured by real property, commercial equipment, accounts receivable, and intangible … Read More

    Categories: Foreclosure, Real Estate, Article

  • Arizona Commercial and Residential Foreclosure

    Arizona Commercial and Residential Foreclosure

    About the Authors: Lawrence E. Wilk For more than three decades, Lawrence E. Wilk has represented creditors, trustees, receivers, and debtors in significant bankruptcy cases in federal, state, and bankruptcy courts. His clients include banks, insurance companies, leasing companies, and private parties with investments secured by real property, commercial equipment, accounts receivable, and intangible … Read More

    Categories: Foreclosure, Real Estate, Article

  • New Arizona Anti-Deficiency Laws Clarify Intent to Utilize

    New Arizona Anti-Deficiency Laws Clarify Intent to Utilize

    Arizona anti-deficiency laws were recently amended by the Arizona legislature and will become effective January 1, 2015.  Previously, the two laws, A.R.S. § 33-729 and A.R.S. § 33-814, generally provided that a loan secured by a parcel of property of 2½ acres or less, which is utilized as a one or two family dwelling, is not subject to a deficiency claim if the fair market value of … Read More

    Categories: Foreclosure, Article

  • I Received a 1099 from My Home Equity Lender- What Steps do I need to Take?

    I Received a 1099 from My Home Equity Lender- What Steps do I need to Take?

    Tax Consequences of Foreclosure-with a HELOC

    It is common for homeowners to have a house that is "upside down", many with first and second mortgages. Houses that were purchased a number of years ago appreciated rapidly in a short period of time and it was easy to pull on the home's equity by securing an equity line of credit. That equity may have been used for many purposes, including home improvements, … Read More

    Categories: Foreclosure, Article

  • I Received a 1099 from My Lender, Now What?

    I Received a 1099 from My Lender, Now What?

    Tax Consequences of Foreclosure or Short Sale of Personal Residence in Arizona

    It is difficult to read any economic news or watch a local TV news program without seeing the prevalence of foreclosures and short sales of personal residences in Arizona.  It is not uncommon in today's economic crisis to own a home that was purchased in the last five years that is substantially "upside down".  Many … Read More

    Categories: Foreclosure, Article

  • Ten Things to Consider Before Purchasing Real Property at an Arizona Trustee's Foreclosure Sale

    Ten Things to Consider Before Purchasing Real Property at an Arizona Trustee's Foreclosure Sale

    By:  Janessa E. Koenig, Esq.

    If you are considering purchasing a home or investment property that is being foreclosed on in Arizona, you will need to attend the Trustee's sale.  While many bidders have attended hundreds of foreclosure or trustee's sales, this may be your first!  There are several important aspects of purchasing a property at a trustee's sale.

    Make sure the sale is proceeding … Read More

    Categories: Bankruptcy, Foreclosure, Article