Comments for Adiel Gorel Blog http://www.adielgorel.com Adiel Gorel, President & CEO of ICG Real Estate Investments Fri, 19 Mar 2010 01:06:48 +0000 http://wordpress.org/?v=2.6 Comment on Arizona Anti-Deficiency Law and the new SB 1271 Legislation by Phoenix Real Estate - A New Drama? (Part 2) | The Local Outsider http://www.adielgorel.com/arizona-anti-deficiency-law-and-the-new-sb-1271-legislation#comment-105 Phoenix Real Estate - A New Drama? (Part 2) | The Local Outsider Sat, 22 Aug 2009 21:14:12 +0000 http://www.adielgorel.com/?p=234#comment-105 [...] these laws may affect them as investors or potential investors. Well, as Adiel Gorel suggested in his post, I googled the term “SB 1271“, and came up with this post by Christie Giannetto [...] [...] these laws may affect them as investors or potential investors. Well, as Adiel Gorel suggested in his post, I googled the term “SB 1271“, and came up with this post by Christie Giannetto [...]

]]> Comment on Arizona Anti-Deficiency Law and the new SB 1271 Legislation by Adiel Gorel http://www.adielgorel.com/arizona-anti-deficiency-law-and-the-new-sb-1271-legislation#comment-103 Adiel Gorel Wed, 12 Aug 2009 22:04:04 +0000 http://www.adielgorel.com/?p=234#comment-103 Alan, Here is what Mr. Kozub replied to me when we exchanged emails: “Adiel, The new law, which changes everything we discussed, has passed and been signed by the governor. But it is possible it will be repealed in the next week or two. I can prepare a comment now, but I have been telling my clients to wait until the end of August so we will have a better idea of whether we are facing a real problem, or have just been temporarily scared by poor legislative drafting. Let me know how you would like to proceed. “ I then asked a few more questions regarding the application of this law if it remains, but I believe it is wise to wait a few weeks until things are settled and then re-visit. Best, Adiel Alan,

Here is what Mr. Kozub replied to me when we exchanged emails:

“Adiel, The new law, which changes everything we discussed, has passed and been signed by the governor. But it is possible it will be repealed in the next week or two. I can prepare a comment now, but I have been telling my clients to wait until the end of August so we will have a better idea of whether we are facing a real problem, or have just been temporarily scared by poor legislative drafting. Let me know how you would like to proceed. “

I then asked a few more questions regarding the application of this law if it remains, but I believe it is wise to wait a few weeks until things are settled and then re-visit.

Best,
Adiel

]]> Comment on Arizona Anti-Deficiency Law and the new SB 1271 Legislation by Alan http://www.adielgorel.com/arizona-anti-deficiency-law-and-the-new-sb-1271-legislation#comment-101 Alan Mon, 10 Aug 2009 23:41:09 +0000 http://www.adielgorel.com/?p=234#comment-101 Just wondering what is the effect of the "other" anti-deficiency statute discussed by Mr. Kozub (AZ 33-729), which applies to purchase-money mortgages and appears to be independent of AZ 33-814, which was amended by SB 1271. See http://www.azleg.state.az.us/FormatDocument.asp?inDoc=/ars/33/00729.htm&Title=33&DocType=ARS. It would appear that AZ 33-729 is, perhaps, still in effect. I'd like to say this was my idea, but I saw this mentioned on another blog. See the comment from "Scott" on July 29, 2009 at 9:46 AM. http://www.azlifestyleteam.com/blogs/christie_thompson/archive/2009/7/20/sb-1271-serious-changes-to-arizona-s-anti-deficiency-statute.aspx. Adiel, I wonder if Mr. Kozub has a comment on this. (Sorry in advance if the links don't work, but I think you'll get the gist anyway.) Just wondering what is the effect of the “other” anti-deficiency statute discussed by Mr. Kozub (AZ 33-729), which applies to purchase-money mortgages and appears to be independent of AZ 33-814, which was amended by SB 1271. See http://www.azleg.state.az.us/FormatDocument.asp?inDoc=/ars/33/00729.htm&Title=33&DocType=ARS.

It would appear that AZ 33-729 is, perhaps, still in effect. I’d like to say this was my idea, but I saw this mentioned on another blog. See the comment from “Scott” on July 29, 2009 at 9:46 AM. http://www.azlifestyleteam.com/blogs/christie_thompson/archive/2009/7/20/sb-1271-serious-changes-to-arizona-s-anti-deficiency-statute.aspx.

Adiel, I wonder if Mr. Kozub has a comment on this. (Sorry in advance if the links don’t work, but I think you’ll get the gist anyway.)

]]> Comment on Fannie, Freddie to Include Investment Homes in Refinance Program by Adiel Gorel http://www.adielgorel.com/fannie-freddie-to-include-investment-homes-in-refinance-program#comment-93 Adiel Gorel Sat, 25 Apr 2009 00:27:34 +0000 http://www.adielgorel.com/?p=201#comment-93 This is an interesting question but I would have to say talk to your tax person. Please communicate the answer. This is an interesting question but I would have to say talk to your tax person. Please communicate the answer.

]]> Comment on Fannie Mae to the Rescue! Fannie Mae to Up Limit on Multiple Mortgages to Same Investor by Adiel Gorel http://www.adielgorel.com/fannie-mae-to-up-limit-on-multiple-mortgages-to-same-investor#comment-92 Adiel Gorel Sat, 25 Apr 2009 00:26:53 +0000 http://www.adielgorel.com/?p=161#comment-92 As of April 25th – no lenders!!!! Can you believe it? We finally have something which could make a difference and everyone is taking their sweet time getting it to fruition. One of our investors just found a great bargain and can’t buy it since he owns over 4 and under 10 and nothing is ready yet. They keep saying “Any day now!”. Infuriating! As of April 25th – no lenders!!!! Can you believe it? We finally have something which could make a difference and everyone is taking their sweet time getting it to fruition. One of our investors just found a great bargain and can’t buy it since he owns over 4 and under 10 and nothing is ready yet. They keep saying “Any day now!”. Infuriating!

]]> Comment on Increased Sales Activity Continues as Prices Get Low by Anonymous http://www.adielgorel.com/increased-sales-activity-continues-as-prices-get-low#comment-90 Anonymous Sat, 18 Apr 2009 01:57:53 +0000 http://www.adielgorel.com/?p=209#comment-90 great information.. thanks Adiel great information.. thanks Adiel

]]> Comment on Fannie Mae to the Rescue! Fannie Mae to Up Limit on Multiple Mortgages to Same Investor by Art http://www.adielgorel.com/fannie-mae-to-up-limit-on-multiple-mortgages-to-same-investor#comment-89 Art Thu, 16 Apr 2009 18:11:40 +0000 http://www.adielgorel.com/?p=161#comment-89 Great news, but which lenders have adopted this in their internal guidelines? Great news, but which lenders have adopted this in their internal guidelines?

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