Posts Tagged ‘nondisclosure’
Seller Didn’t Disclose the Short-Term Rental Next Door
Question: In the purchase contract for the sale of our Chandler home, there is a provision giving the right for a 10-day inspection. The purchase contract also said that the sale was “as is,” and “no repairs.” After the 10-day inspection period, the buyer deposited $35,000 earnest money with the escrow company. The 10-day inspection…Read More
Who is responsible for undisclosed HOA debt?
Question: After we bought our home in Chandler, we attended the homeowners’ association (“HOA”) annual meeting. At this HOA annual meeting we learned that our HOA was in debt for $62,000.00 for attorney’s fees incurred because of a prior lawsuit with our landscaping company. The result is that a portion of our monthly HOA dues…Read More
‘As Is’ Agreement Doesn’t Protect Seller Hiding Knowledge of Defect
‘As Is’ Agreement Doesn’t Protect Seller Hiding Knowledge of Defect Question: We purchased a home in Tempe from a cantankerous old man who would only sell his Tempe home “as is.” Although we did a thorough inspection we failed to discover until two months after close of escrow that tree roots had partially obstructed…Read More