Seller 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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Title commitment is not title insurance

Title Insurance

Question: Six months ago we signed a purchase contract to pay cash for a “fixer-upper” home in the Encanto area of Phoenix. The title commitment showed no title problems. We backed out of the purchase of the home during the inspection period because of a nasty neighbor. The nasty neighbor has now moved, and we…

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Title Company Wrong, but Buyer has No Recourse

  Question: Our family has owned a convenience market in Glendale for more than 30 years. The lot next door to us has always been vacant. I remember my father saying years ago that if this lot was developed we might have a problem with parking. Last year we were notified that the owner of…

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