Fees Paid out of Escrow

Recently, I had a little disagreement with an Escrow rep. In this particular case, my buyers lender required that a bill be paid out of escrow. If my buyer had made a payment directly, it could take some time to reflect on the credit report, where being included on...

Is it up to Code?

Every buyer has the right to do an inspection on a home. Most will use a licensed home inspector to go through and touch and twiddle with every moving part, test all the functions of all the things… you see where I’m going with this. However, one of my biggest pet...

Contractual Time Frames

Without making this too complicated, here’s a brief outline of the timelines, as agreed to in a normal, boilerplate contract. Time for Acceptance – This is the time that the buyer is on the line for the contract, if signed and received within that time.  This is not a...

Understanding Title Insurance

In Arizona, most real estate transactions are closed with a title insurance policy. Many erroneously assume that possession of the deed to the property is all they need to prove ownership. This is not true. Unknown title defects may attach to real estate. A property...

No Breach Until Cured

In the purchase contract, there are MANY timeframes and responsibilities for both parties to follow. If you do not follow these terms of the contract, you may be in breach. However, according to the Arizona Purchase Contract, if you are outside of the terms of the...

Multiple Offers and the Counter Offer

Most people believe that if a home is for sale, and you offer on it… the next step is going under contract… naturally. Not necessarily. There are other scenarios that can cause crimps in this simple plan. The multiple offer situation In a sellers market, or other...

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