MMGM wants to always be at the forefront of monitoring changes in matters affecting real estate. A new trend appears to be emerging concerning the attitude of the major lenders on pursuing second liens where the anti-deficiency laws do not … [Read more...]
No Fiduciary Duty in Commercial Transactions
By: Karl MacOmber, Esq. In Cook v. Orkin Exeterminating Co., an Opinion issued by: Division One of the Arizona Court of Appeals on May 19, 2011. The Court ruled that Orkin did not owe the buyers of a home a fiduciary duty. The Cooks had … [Read more...]
New Ruling Regarding Mortgage Electronic Registration System (MERS)
Could things change in Arizona in those cases involving mortgageswhere the beneficiary of the deed of trust is listed as MERS? It is possible. It has happened elsewhere such as recently in Michigan. MERS stands for Mortgage Electronic Registration … [Read more...]
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