Posts Tagged ‘breach of contract’
Statute of Limitations for HELOCs
Question: When we bought our Chandler home in 2006, we got a 30-year first mortgage with Bank of America, and a Wells Fargo $100,000 second mortgage home equity line of credit (“Wells Fargo HELOC”). We used this $100,000 for a swimming pool and for landscaping in our back yard. In 2011 we both lost our…
Read MoreDifference Between Liquidated Damages, Breach of Contract Penalty
Question: Our daughter attends ASU, and we personally guaranteed a one-year lease for her Tempe condominium. The lease expiration date is May 31. Our daughter, however, moved out of the Tempe condominium one month early at the end of April to live with us until she goes to Europe for three months. My daughter’s friend…
Read MoreLaw Enforcement Can Remove Unauthorized Occupants from Rental
Question: My husband and I reside in Los Angeles, California, and own an investment property in Mesa, Arizona that we rent out to a couple. The tenants signed a lease with us six months ago and represented to us in the lease that they would be the only occupants residing in the property. Recently,…
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