Posts Tagged ‘disclosure’
History of Lead-Based Paint Must Be Disclosed
Question: We are both retired and buying a home in south Scottsdale. The home was built in the 1960’s. We recently received from our real estate agent a pamphlet on Protecting Your Family From Lead-Based Paint and other information about lead-based paint (“LBP”). Now that we have this information on LBP, we have no idea…
Read MoreSuicide In Home Not Required To Be Disclosed
Question: Last summer my daughter committed suicide by a self-inflicted gunshot wound in the family room of our Fountain Hills home. There was significant damage of $15,000 to our family room which required cleaning and repainting by a contractor hired and paid by our homeowner’s insurance company. Our real estate agent said that under Arizona…
Read MoreSeller Must Disclose Unrecorded Judgment
Question: Three years ago we lost a business dispute with our partner in our Casa Grande tire business. Our partner now has a $33,000 judgment against us. We are now in escrow to sell our Casa Grande home, and expect to “net” $50,000 proceeds after payment of this $33,000 judgment. The title commitment, however, does…
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