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Real Estate: Arizona/Questions

SubjectDate AskedExpert
Landlocked in AZ?11/10/2011Bill Iannelli
  Q: I purchased a real estate tax lien in AZ on a vacant property, on which the taxes paid now in ...
  A: I am not an attorney and this is a very complicated issue. Here is a better understanding of the ...
Road Easements10/29/2011Bill Iannelli
  Q: I live in a neighborhood that has a private dirt road that is the only entrance to all the ...
  A: That's strange, sounds like he does not like people using the road. When the road easement was ...
Forcible Detainer Hearing10/18/2011Bill Iannelli
  Q: Is it feasible to ask to stay in home longer due to needing more time to look for apartment/condo? ...
  A: This will all depend on the person or company doing the detainer. The law is pretty cut and dried, ...
Loan funding8/17/2011Bill Iannelli
  Q: I wired funds and signed the closing documents for a house in Pima County, AZ on 8/9/2011, it is now ...
  A: There is no legal time frame. You really have to rattle cages and go up the chain of command. I ...
apartment bedbug infestation7/27/2011Bill Iannelli
  Q: My college-age brother along with his 3 roommates have rented an apartment that is infested with ...
  A: I would go at this as a safety issue under "safety and inhabitable conditions" in the Arizona ...
Tenant's rights when dealing with mice infestation6/26/2011Bill Iannelli
  Q: My daughter just rented a place in Tempe, Arizona with 3 other college roommates and house is ...
  A: You are correct. It will be become a breach if it's not corrected. Google a copy of the Arizona ...
property I rent is getting foreclosed on5/19/2011Bill Iannelli
  Q: we amongst 7 neighbors all rented from the same person that is getting foreclosed on and he's been ...
  A: The judge would grant eviction if it got that far. Period. 5 day eviction notice, then he will get ...
deposit5/19/2011Bill Iannelli
  Q: I put a deposit down on a house and have since changed my mind about renting the house. I requested ...
  A: You never put a deposit down before first filling out an application and paying for a credit report. ...
property I rent is getting foreclosed on5/18/2011Bill Iannelli
  Q: we amongst 7 neighbors all rented from the same person that is getting foreclosed on and he's been ...
  A: Even if he is not paying the mortgage the terms and conditions of the lease are in force. That ...
tax ramifications on renting primary residence5/17/2011Bill Iannelli
  Q: we've moved to another state, & to reduce expenses want to rent out our personal residence in AZ ...
  A: You need to obtain a tax license from the city the rental is located in and pay the monthly tax. ...
Rental Property in Tucson4/18/2011Bill Iannelli
  Q: We have a condo in Tucson that we've hired a property management team to handle the annual rentals ...
  A: They are in control since they handle the money and can deduct it. Again it depends on how your ...
Rental Property in Tucson4/18/2011Bill Iannelli
  Q: We have a condo in Tucson that we've hired a property management team to handle the annual rentals ...
  A: I would really read your property management agreement with the company. Sounds to me like there is ...
Commercial property in foreclosure - Tenants’ options with new lease4/17/2011Bill Iannelli
  Q: I am 7 months into a 24 month commercial lease. Rent is 2,500 a month. The bank foreclosed on the ...
  A: You are correct with the attornment clause, the bank can hold you to the lease. Now they want to ...
AZ ST TAX ramifications re: foreclosure4/11/2011Bill Iannelli
  Q: Our foreclosure was completed in Feb 2011. I understand that the 1099C that we will receive from B ...
  A: This is a grey area. If you did not realize a gain on the property there should be no taxable ...
writ of restitution4/6/2011Bill Iannelli
  Q: You cannot give legal advice but you can give legal information but that is a contradition because ...
  A: I don't know which question you are speaking of Arthur. The most recent one I received was this: ...
utilities turned off by tenant2/13/2011Bill Iannelli
  Q: I did not renew contract with management co. after tenants lease was up. Lessees had all utilities ...
  A: Ask to speak with management company designated broker. I don't know who irate agent is that you ...
Title Transfer2/8/2011Bill Iannelli
  Q: My house is still in botn mine and my ex-wifes name. I know a quitclaim deed is required to get her ...
  A: If both names are on your original deed (your purchase deed) or if you were married in the time you ...
Title Transfer2/7/2011Bill Iannelli
  Q: My house is still in botn mine and my ex-wifes name. I know a quitclaim deed is required to get her ...
  A: You will need to have an attorney to complete the process if she can't be found or refuses to honor ...
Real Estate Loan1/18/2011Bill Iannelli
  Q: In the state of Arizona what is the legal definition for the term demand feature? Under the section, ...
  A: A demand clause is even better (for the lender) than an acceleration clause. An acceleration clause ...
Road Easement Responsiblities1/7/2011Bill Iannelli
  Q: I live in a more rural part of Prescott Valley. While we have CCR's (I am not sure they are ...
  A: Not a good situation. My plan of attack for now would be to speak to someone with a grader and try ...
Rural acreage with POA11/2/2010Bill Iannelli
  Q: I live in a very rural area of NE AZ where all properties are 36 and above acres in size and I raise ...
  A: Wow what a complicated issue. You should of retained a good real estate lawyer early on. Looking ...
Commercial Property Foreclosure10/4/2010Bill Iannelli
  Q: I own commercial property in Mesa. I purchased the property in 2006, and have faithfully made the ...
  A: If this is not an owner occupied property you could be liable for a deficiency. I would not act ...
trustee's sale leased property - rights of tenant9/22/2010Bill Iannelli
  Q: On August 10th I signed two year lease beginning Sept 1 for a 1,900 sq ft unit retail space on ...
  A: If the property is sold to an individual prior to the sale they would have to honor the lease and ...
Want a low appraisal on Tucson Home9/20/2010Bill Iannelli
  Q: I have to get our home appraised here in Tucson, 85712, because I want to "strip" the $27,000 2nd ...
  A: Zillow and Cyberhomes have nothing to do with the market value of the home. They are usually too ...
Breaking my lease with a tenant9/18/2010Bill Iannelli
  Q: A tenant renting a room from me; shares the house with myself (owner/occupant) & one other person. ...
  A: It depends on what the lease states. It should contain something about general safety and clean up. ...
foreclosure9/13/2010Bill Iannelli
  Q: I sent modification forms in 5-14-2010 and in 6-02-2010, next thing I know they are posting a ...
  A: You would of been notified via certified mail and posting the trustee sale notice on the property. ...
Options9/1/2010Bill Iannelli
  Q: I have a home in AZ that I have owned for a number of years. I lived there for 6 years and left two ...
  A: Big rock and a hard place. A deed in lieu would be giving the house back. It would make no sense ...
after foreclosure8/30/2010Bill Iannelli
  Q: What does one do when not qualififying for a loan modification and a trustee-sale takes place. We ...
  A: Loan mods are a real pain and rarely work out. Not much you can do now if the sale date is two days ...
30-day notice not given8/25/2010Bill Iannelli
  Q: I rented an apartment to a gentleman who signed a 6 month lease ending this month, 8/31/10. The ...
  A: Upon termination of the tenancy, property or money held by the landlord as prepaid rent and security ...
eviction8/22/2010Bill Iannelli
  Q: I am currently buying a home on contract and I have set up three different payment dates for the ...
  A: It depends how everything reads. Arizona requires a 5 day notice be sent out for non payment of ...
evictions8/2/2010Bill Iannelli
  Q: We gave our landlord notice that we were moving at the end of Aug and later my husband had got layed ...
  A: What article are you talking about? If you don't vacate they will have to obtain a forcible ...
PM ongoing problems6/11/2010Bill Iannelli
  Q: I recently contacted you and you answered my question. Now, I have received 2 end of month ...
  A: 8 to 10% management fee is a normal rate in this area. Before signing the contract you should of ...
trustee sale and tenant/landlord resposibilities5/25/2010Bill Iannelli
  Q: background, I have a house in Goodyear, AZ and it was put on Trustee Sale. I have been working with ...
  A: You have done good research. They are on a month to month since a new lease was not signed. If the ...
Tenant's Rights5/16/2010Bill Iannelli
  Q: Greetings, I'm in a 1 year lease on a house in Tucson which ends in November, and the owner is ...
  A: What is LL? I will call them listing agent. You will not be reimbursed for doggy care, you do not ...
PM duties5/15/2010Bill Iannelli
  Q: We have a home in Az, we are in Mass and hired a PM Company (by default as the realtor couldn't sell ...
  A: The guidelines would be spelled out in the lease or discussed prior to renting. Like I said your ...
Development Banking5/13/2010Bill Iannelli
  Q: I am James and have an interest in investing in properties. I have never invested in USA before, and ...
  A: It's legal but I sure don't like it. Questions to ask. What is the value of the land, show me ...
realestate problem4/25/2010Bill Iannelli
  Q: How can someone you don't know go and do a quick claim on your house , that they have not owned ...
  A: There is no such thing as a quick claim deed. I think you mean QUIT CLAIM deed. Need more ...
landlord not maintaining pool4/19/2010Bill Iannelli
  Q: I rent a residential home in Gilbert, AZ. In the lease agreement, it states that the landlord will ...
  A: If there is a material noncompliance by the landlord with the rental agreement, such as maintaining ...
tax liability after foreclosure and credit report4/12/2010Bill Iannelli
  Q: Our house is in foreclosure and our property taxes are past due. (We are out to of the house because ...
  A: They can and will fine you. These fees will be wiped out if the house goes back to the bank. ...
tax liability after foreclosure and credit report4/9/2010Bill Iannelli
  Q: Our house is in foreclosure and our property taxes are past due. (We are out to of the house because ...
  A: Property taxes survive a foreclosure. If the property sells at the trustee sale which probably ...

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Real Estate: Arizona

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Bill Iannelli

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Expertise

Anything to do with residental real estate: Disclosure, title issues, buyer and seller representation, foreclosure, ethics, rentals, landlord rights, evictions, inspection, time frames, Arizona purchase contract. For buying and selling in Arizona contact me at www.realestatematters.org

Experience

22 years in the business. Broker owner of Iannelli and Associates. Have my own real estate radio show "Real Estate Matters" every Saturday afternoon at 1:00 on 1510 AM KFNN. Listen to past shows at my website www.realestatematters.org. Own my own portfolio of real estate, developer of apartments, commercial real estate and single family homes.

Organizations
National Association of Realtors, Member of both the Phoenix and Prescott multiple listing service.

Publications
Desert Advocate Newspaper Carefree Arizona. Question and answer column. Broker agent news, TV and radio stations.

Education/Credentials
Licensed Real Estate Broker, BS in Education, certified real estate instructor on the code of ethics.

Awards and Honors
Don't want to brag. Not important to the public. They want answers and advice not me telling them how many millions of dollars of real estate I have sold

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