Posts Tagged ‘Arizona and Real Estate Law’
Attorney Approval Required By Out-Of-State Investor
Question: The buyer of our Tempe home is an investor from Illinois. In the purchase contract that we accepted there is a 10-day contingency for approval of the purchase contract by the buyer’s Illinois attorney. What does that mean? Answer: An attorney-review contingency in a purchase contract is not uncommon with out-of-state buyers, whether they…
Read MoreTenants Protected During Foreclosure
Question: We have four months remaining on our one-year lease of our Chandler home. When we came home yesterday, we noticed a piece of paper posted on our garage door saying that there is a foreclosure auction scheduled in less than three months. When we contacted our landlord, he said he was trying to refinance…
Read MoreEvidence Backs Sister on Verbal Agreement
Question: Three years ago, I moved from Chicago to Arizona to take care of my mother. My sister encouraged me to come to Arizona to help her with the care of my mother and, because I did not have good credit, my sister paid $25,000 down on a house and she qualified for the 15-year…
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