Home Construction
Builders Of New Homes Require Mediation And Arbitration Of Disputes With Home Buyer
Question: We signed the builder’s purchase contract to buy a new home in San Tan Valley. The builder’s sales agent made numerous false statements, especially in regard to the upgrades that were available in the home. The “bottom line” is that we canceled the purchase contract and demanded our $20,000 earnest money back. The builder…
Read MoreCan You Sell Home Not Built By Licensed Contractor?
Question: My husband was a licensed contractor in Oregon. Eight years ago we bought a lot in Queen Creek to build our retirement home. My husband retired two years ago and we came to Arizona full-time to build and live in our Queen Creek home. Three months after we moved into our Queen Creek home,…
Read MoreNo Anti-Deficiency Protection for Home Improvement Loans
Question: Last March we bought a home in the “Arcadia Lite” area of Phoenix. We borrowed a high-interest $250,000 second mortgage (“Second Loan”) to “fix and flip” the home. We tore down two of the smaller bedrooms to make a large covered patio surrounding the swimming pool. We completed this construction six months ago and…
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