Sally In The Valley Real Estate School

Great news for AZ!

https://www.alta.org/news-and-publications/news/20240409-Arizona-Bans-Unfair-Real-Estate-Fee-Agreements?fbclid=IwZXh0bgNhZW0CMTEAAR2XJpKXt7ZPqaLSh_K_vVMhovutO-hvj-AXopilKyQn5ZMXWtXi7aSWya8_aem_ZmFrZWR1bW15MTZieXRlcw

Arizona Bans Unfair Real Estate Fee Agreements Arizona became the 22nd state to pass legislation protecting homeowners from the filing of Non-Title Recorded Agreements for Personal Services (NTRAPS). Both the ALTA and Land Title Association of Arizona supported the bill.

Even though the instructor (Rick Harris) did a wonderful job the 2 full day ABR class was a learning commitment. So worth it though in terms of gaining a deeper understanding of how our processes will be updated to be in alignment with the class action settlement and DOJ directives. I highly recommend it!

https://themortgagepoint.com/2024/03/06/fannie-mae-enhances-desktop-underwriter/

Fannie Mae Enhances Desktop Underwriter - The MortgagePoint New capabilities will automate the validation of borrower assets, income, and employment with a new asset report, opening more doors for aspiring homeowners.

https://combslawgroup.com/ccrs-may-be-waived-if-no-enforcement/

CC&Rs May Be Waived If No Enforcement - Combs Law Group, P.C. If there is no HOA to enforce the CC&Rs, each of the individual homeowners has the right to enforce the CC&Rs.

Good info!

HOA has Lien for Unpaid Monthly HOA Dues but not for Unpaid HOA Fines - Combs Law Group, P.C. Under specific Arizona statutes the CC&Rs can require the payment by the homeowner of HOA dues, or otherwise a lien is created for the amount of the unpaid HOA dues. A.R.S. § 33-1807. Therefore, any unpaid HOA dues are a lien by “state action.”