Purchase Contract Practice Pointer

March 31, 2014

Previously, AAR eliminated the Assumption/Carryback Addendum from its library of forms. It has since been replaced by three new seller financing addenda, along with a fourth form titled Loan Assumption Addendum.   Despite these changes, line 27 of the Residential Resale Real Estate Purchase Contract (Purchase Contract) still offers “Assumption and Carryback” as an addenda that […]

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#AARCONV Sneak Peek: Can You Save A Good Deal Gone Bad?

March 26, 2014

Maybe you’ve experienced this: You’ve worked on a real estate deal for months. Just as you’re about to slide into the home stretch, you receive a phone call. You might even be tempted not to answer the phone fearing what may be coming. Survey data from the National Association of REALTORS® found that 33 percent of its […]

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Resources Available for March 31 Affordable Care Act Deadline

March 24, 2014

The March 31 application deadline for  the Affordable Care Act is just one week away.  NAR President Steve Brown has posted a 10 minute video that answers most questions REALTORS® might have, including how current plans are affected, exceptions which you might have and how to use the REALTORS® private exchange.  The video is available here: […]

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We’re Celebrating the First Day of Spring with a Giveaway

March 20, 2014

Today is the first day of Spring! The birds are chirping, the temperatures are still under 100 degrees and we’re celebrating with a sweet giveaway to our members. The Arizona Association of REALTORS® is gearing up for our annual Spring Convention in Prescott, Ariz. April 15-18, 2014 and any registrations completed before midnight on March […]

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Loan Modification Interest Rates Are Scheduled to Reset

March 17, 2014

Homeowners who took advantage of the Home Affordable Modification Program™ (HAMP) may begin receiving notices that their monthly mortgage payments are about to increase. HAMP’s five year anniversary also means that interest rates on modified loans has been reset. Participants in HAMP initially received interest reductions at below-market-rates. Beginning this year, the rates will increase […]

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Important Update: zipForm Plus

March 13, 2014

It has been brought to the attention of AAR that there is an issue with the way zipForm® Plus is displaying forms in certain browsers; when viewed in Firefox® or Google Chrome® browsers, some words are not displaying on the screen. However, the forms are printing out correctly without any words missing. The problem is […]

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