Posts Tagged ‘new home purchase’
Must a property seller accept a full-price offer?
Question: We have a nice home on a five-acre lot outside Prescott. The five-acre lot next to us has always been vacant and is owned by a California investor. Yesterday a real estate agent put a ‘For Sale’ sign on this vacant lot for $175,000. We were so excited because we could now build a home…
Read MoreA New House. Some Old Debt. What Takes Priority?
Question: We want to buy a Phoenix home for $800,000 with a $640,000 mortgage loan. During the Covid catastrophe two years ago, however, our art framing business was ruined. The result is that two credit card companies now have judgments against us for more than $50,000. Our mortgage broker told us that we should still…
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