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View Full Version : Real Estate laws in AZ


marilou
Jul 11, 2007, 04:47 AM
My fiance` was recently arrested on some old warrants. I used my home as collateral for the bond along with 800. About 3 weeks later, I was afraid that he was going to screw up and I would lose my house, so I revoked the bond and he went to jail. Now, the bond co. wants another 800. For putting him back in jail and said that if I didn't pay this amount in 10 days, they would start foreclosure on my home. Can they do that? Wouldn't it just be a lien on the property? Once paid, what do I need for them to sign so that they never have anything to do with my property again?

excon
Jul 11, 2007, 05:28 AM
Hello marilou:

It depends of the agreement with the bonding company. You DID sign something, didn't you? It probably says what the costs are, and when they can charge more, etc. Read it. If you don't find anything in there that says they can charge you more, tell them to sue you.

It would be my view, that they cannot put your house into foreclosure. Although, the devil is in the details (your agreement).

excon

ScottGem
Jul 11, 2007, 06:16 AM
If your home is not mortgaged, they may be able to foreclose on it. As excon said, it depends on the fine print of what you signed.