If I am the owner of an apt. complex, what is my legal obligation for insurance on said property? Am I responsible for a “vicious dog” attack on one tenant because of another tenant? And what if I don”t have any insurance? A: Barring some contract saying otherwise, you are probably not required to have […]
Citibank and dillards obtained a judgment against me in 2008 for a debt default in 2005 there is a garnishment at my place of business although with 1099 IRS status I am self employed. How can they collect? A: A garnishment can be valid against payments to you, even if you’re not an employee. You […]
Making sure you are not on the wrong side of a one-sided agreement Most businesses lease the property where they do business. The lease can be a significant investment for a business, and sometimes can even be the difference between enjoying a profit or suffering a loss. The lease can also commit a business for […]
Mark Twain once said, “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” If you purchased or refinanced residential property between 2005 and 2007, you have important questions and probably more than a few wrong ideas about your real estate investment that an […]
On documents pertaining to properties would the personal guarantee provide protection to us as a lender? A: A personal guarantee is an important protection and I would almost always require one as a lender. However, it needs to be drafted properly and in conjunction with the other loan documents. There are specific Arizona statutes on […]
