It is very common to associate a foreclosure with a bank, and this idea is reinforced when we see advertisements for “bank owned” properties. Mistakenly, we also believe banks are taking the biggest financial hit when a house is sold as a foreclosure. However, the fact is that in many cases a foreclosure is not owned by a bank. If not the bank, then who owns these distressed properties and takes the financial loss? Continue reading “Who really loses on a foreclosure – the bank? Think Again!”
Let’s face it, it can be nearly an impossible task to live in Arizona and not grave the relief that a private pool in your backyard can offer. When it’s 110 degrees outside, you will be convinced it is a must-have. Even when your Phoenix home is a second or vacation home used mainly during the winter months, pools are an attractive addition to any backyard. But there may be reasons why you should forgo that luxury and let your community HOA manage that responsibility.