No Ticky, No Laundry
Posted on February 19, 2009 in Arizona Law Regarding Business and Real EstateAt the law firm of William A. Miller in Phoenix Arizona, we take Arizona-granted licenses as a privilege. You cannot build a house without a contractor’s license. You cannot give legal advice without a law degree and license to practice law. Good luck suing in this State if you do not possess one. If you build a house without proper authority, good luck suing the homeowner, our Courts will toss you out.
The same goes for trying to sell beers at a burger joint, no license, no beers.
We just filed a multi-million dollar suit against a group of entrepreneurs who bought bank loans with unused lines of credit for pennies on the dollar. Now they are trying to foreclose. The law does not allow such and over the next few weeks, we will be reminding the Court and the entrepreneurs that acting like a bank requires a license! We’ll keep you posted on the results.
I know I am aging myself but like Bob Hope used to say in the “Road Show” flicks, “no ticky, no laundry.”
If some non-licensed group has hampered you, be it selling you worthless stock without a securities license or giving you liposuction without a medical license, give us a call to discuss your rights. Our number is 480.948.3095.
Lies, Damned Lies, and Statistics
Posted on December 12, 2008 in Arizona Law Regarding Business and Real Estate
The Valley’s median resale price for detached single-family homes fell by more than 7 percent from October to November, bringing the year-over-year median-price decline to about 35 percent, according to Arizona State University. November’s 3,370 resale transactions represent a 31 percent increase from the 2,580 transactions in November 2007. In addition, there were 3,095 foreclosures, up about 178 percent from 1,115 foreclosures a year earlier.
This is not as good of news as the bottom fishers may think! This statistic is totally flawed because mainly distressed properties are in the sample. So, take those who are NOT ABOUT TO SELL, put their values in the pool and the percentage shoots way back up. Those who are waiting out the market may be in for a surprise when the capital markets free up.
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