Posts Tagged ‘breach of contract’
Subsequent Buyer Can Enforce the Homebuilder’s Warranty
Question: We bought a home in Surprise last year that had been built four years ago. We had a home inspection that discovered some minor problems that our sellers fixed. We have now discovered two significant construction defects, namely, a hole in the roof next to the chimney, and the air conditioning system that does…
Read MoreStatute 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…
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