Every jurisdiction has a body of laws that governs all aspects of real estate, and Arizona is no different. Its real estate laws, rules and regulations have been in place for decades, and given the number of home loan modifications in Arizona that are being sought, many are wondering how or if these laws apply to that desire.

Below is a brief overview of how the real estate laws in Arizona affect home loan modification, but if you’d like to obtain individual answers to your questions as they pertain specifically to your situation, contact the attorneys at Phillips & Associates today to schedule an initial consultation.

In general, real estate law is governed by the law of contracts, as these transactions tend to be executed in accordance with those standards. A few examples appear below:

Short sale – The short sale is becoming more prevalent these days given the number of mortgages that are in or near default. If a mortgage goes unpaid, the lender has the right to foreclose on the property and retake it. However, this is not seen as a positive option by the lender most times, as that means they’ll need to sell off the property, often at a loss. A short sale is an agreement between the lender and borrower that allows the borrower to pay less than the full amount owed in a lump sum and have the rest forgiven. This is usually only possible if the borrower sells the property for less than the loan amount. When this happens, there could be issues with property taxes in the near future, and you may need those questions answered before making a tax mistake.
Sale timeframe on a foreclosure – If a lender retakes a property and evicts the borrowers, that lender has the right to sell that property via auction. However, specific notice and time rules must be followed, and until such time as the auction occurs, only the borrower and/or junior lien holder can pay off the delinquent amount and remove the home from foreclosure. Any transaction that does not fall within this legally required timeframe could be voided if challenged.

Product creation could be a frightening subject for a lot of Internet marketers to face. Some folks who get in the game with the intention of making a full time income are completely ignorant as to how an online business operates. One of the most profitable ways to create online cash is by creating a product that others are happy to pay for.

Product creation is legitimate method of generating money through internet marketing but many entrepreneurs get it wrong. They start by imitating their Internet marketing gurus by creating information products on Internet marketing in hopes of getting rich the way their heroes did. The problem is that they usually don’t know what they are doing and enter a highly competitive niche with very little marketing experience or connections.

Here are a few tips for effective product creation that may help you get on the right track:
Start by finding a profitable niche with low to moderate competition. If you conduct some rudimentary market research and keyword research, you’ll find many opportunities in areas that will surprise you. Amazon and eBay are two great places to brainstorm for product ideas.

Developing Your Product does not have to be a difficult project. You can find experts in the right field for your niche and pay them to write the material while an artist designs the packaging and website or blog. You can outsource the entire product creation part of the project after you conduct the research and testing to ensure profitability.

Sales and marketing strategies should be created while developing the product and learning about the market. Some experienced marketers use pay per click to drive traffic to their offer page; some folks outsource the entire marketing campaign to affiliates through ClickBank or other affiliate programs.

Product creation does not need to be hard, particularly when the merchandise is electronic. E-books, videos, audio and multi-media products sell very well. They are distributed immediately to customers electronically. Once you have a good feel for a niche market, try to service your customers with associated products and upgrades. If you want to earn money online through product creation, you must understand supply and demand. The majority of new online marketers fail miserably because they go after highly competitive markets or forget to research their chosen niche properly. You have to create your products according to the needs, wants and desires of the prospective customers.

Being an entrepreneur from a young age I have been able to experience life on both sides of the employment world ie both employed by a company and self-employed with my own business.For me the highlight has always been the times when I have been completely independent and working for myself, but this may not be suitable for everyone.The advantages are many. For example no commute to and from work. How much time and money (through car usage or otherwise) is wasted by everyone as they go to and from work? What if that time and money could be used for other things? This is one of the most obvious advantages. Some companies have even begun hiring people to work from home as call center operatives. This is great for the company as they save huge money by not needing offices and telephones etc as these are all provided by the employee instead. In reality though the money saved is not really passed onto the employees and the wage works out about the same as if you worked for the company at their office. Perhaps that will change in the future.Another great benefit to working from is that you can spend “break” times with your family. So for example you could have lunch with your kids or spouse if they happen to be at home. But at the same time what can be an advantage can also be a distraction. Some find it hard to concentrate on work if they are at home and they get easily distracted and find they don’t actually do a full 8 or 9 hour day.Having your own business and working from home (as apposed to working from home for another company) offers a lot of tax advantages (depending on where you live of course). Many countries allow you to write off a portion of your rent if you use 1 room as an office. You can also write off a portion of all your utilities. However if you mortgage your house things get a bit tricky if you choose to write off a portion of your mortgage. For example when you go to sell your house, theoretically your business now owns a portion of your house because it paid a portion of your mortgage, so a portion of the sale price would need to be declared as income for the business. These complications don’t exist when you are only renting.Due to these write off and tax benefits you can find yourself earning very decent money by paying lower taxes than if you were employed. However, if you live in Canada and America one main disadvantage would be the lack of health coverage. That alone can be worth a lot of money, so for some an employed job is necessary for the health insurance alone.In my life I always tried to start my business on the side while I was employed by another company. This way of starting a home business offers the least risk as there is no guarantee you will make any money in your business venture. So for me, life was very busy and hectic doing both things at once, but eventually the home business grows and you can take the plunge and do it full time.If you are considering starting a business buying and selling a product, it is highly beneficial to test the market first. One of my early successful business was with buying and selling computers from my house. I first located what I thought was a cheap source for the PCs. But I didn’t buy any until I was confident I could sell them at a profit. I did this research simply by calling people who were advertising their used computer and seeing if it had sold or not. I found that people were indeed selling their use computers for a price that would allow me to make a profit. But in order to be totally sure I also put an ad in the news paper advertising the computers I planned to sell (without buying them). If I received a lot of phone calls I had the confidence to take the plunge and buy (just 1) computer as a test. If I sold it successfully for a profit and continued to get phone calls I would then buy more each time and repeat the process. You too could use a similar way to test the market for whatever product you think you can sell for a profit.Another easy home business idea is offering some sort of a service. Service based business are some of the best home based businesses because there is no risk in buying a product and having it sit and lose money when you are unable to sell it. My last business was a computer repair business and it was wonderful. However, if computers aren’t your thing then cleaning is always doable. My wife started her own cleaning business easily by placing a few ads in some windows (eg post offices etc) where elderly people might frequent. She quickly had a base of customers who quickly recommended her to their friends (because of her good work and friendliness of course) and her business exploded. She ended up turning people away.One thing to be careful of when starting a service based business is make sure you charge a good rate from the beginning. Find out the average rate and charge at least that or more. Because it’s always easy to drop your price but next to impossible to ever raise it.Hopefully you can see the benefits of working from home and have a few ideas as to how to go about realizing that dream.