If you're in construction, sooner or later you're bound to encounter someone who doesn't want to pay up after a job is done. A mechanic's lien can come to your rescue.
If you're selling a home, you're likely conscious of the fact that you need to disclose any known defects to potential buyers. However, some defects involve more than plumbing issues or leaky roofs. Some properties are considered "stigmatized" for reasons that are disturbing and unique.
You've probably heard of the Leaning Tower of Pisa, right? Well, it's probably the most famous construction defect in history. Unfortunately, unlike the tower, most construction defects don't turn into tourist attractions -- they turn into nightmares for their owners.
Plaintiffs have filed a class action suit against the National Association of Realtors (NAR), RE/MAX and some other big names in the real estate industry. If it's successful, the way that real estate is bought and sold may change -- for good.
The real estate market in Arizona and in much of the country is still running strong -- but how long can it last?
Adverse possession is a process where someone can acquire ownership over another person's property -- like a home or a piece of land -- simply by taking control of it and occupying it or using it for a prescribed period of time.
Could a major construction defect be right beneath your feet?
Land owned by the Arizona State University, like many other institutions of higher learning, enjoys an exemption from property taxes. That makes landing a spot to develop on university-owned property a prime deal for investors.
Even if you're the rightful owner of a piece of property, there are times when the government has the ability to take that property from you for some "greater good."
When you decide to become a landlord, what you do with your property isn't entirely all up to you -- there are laws that apply to your actions, including the Fair Housing Act.