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Posts by Christopher Combs

Documentation Releasing Seller Carryback

Question: Ten years ago we purchased 40 acres of vacant land near Coolidge with seller carryback financing. In other words, we signed a promissory note to pay the seller monthly payments secured by a deed of trust on the 40 acres of vacant land. The final monthly payment to the seller is due next month.…

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Can the Home Builder Keep my Earnest Money?

Question: We entered into a contract to purchase a new home in a subdivision in the San Tan area for $300,000. We deposited $30,000 earnest money in escrow. After 45 days while the home was still in the framing stage, my wife decided that she wanted to quit her job and return to school. With…

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HOA Changes CC&Rs to Prohibit Street Parking

Question: When we signed the purchase contract for a new home in Sun City, we were given a copy of the CC&Rs which allowed street parking for up to 24 hours. The day before closing we were given additional documents by the title company, including what we thought was just another copy of the CC&Rs,…

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