Escrow company

Question: We made an offer to purchase a Mesa home with financing by a Federal Housing Administration (“FHA”) loan. In our offer we requested the title company that our real estate agent recommended. All of the terms of our offer were accepted by the seller, except that the seller wanted another title company. The seller…

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Real estate purchase contract

Question: We have a small commercial brokerage firm in Phoenix. Common brokerage practice in most commercial brokerage firms is not to state a legal description in the purchase contract. Instead, the address and the parcel number are specified, and an exhibit to the purchase contract says “legal description to be inserted by title company.” The…

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