Lerner v. DMD Realty. LLCPosted on June 10, 2013 in Arizona Law Regarding Business and Real Estate
In the Lerner case, 648 Ariz. Adv. Rep 35 (CA 1, 11/27/12) the Arizona Court of Appeals continued to uphold the stigmatized property statute. The statute gives non disclosure bogie’s. It limits the things that MUST be disclosed and cuts off liability for other non disclosures that common sense would suggest need be disclosed. ie. someone died there or sex offender down the block. I seldom read the statute when broker calls me. I just tell them if you think (the issue at hand) would matter to you and your family, then disclose it!
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