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Overview. Requires wholesale buyers to disclose to sellers that they are wholesalers prior to entering into binding real estate sales agreements. Provisions.
Foreclosure crisis: Arizona was one of the states hardest hit by the foreclosure crisis of 2008. This led to a large number of vacant lots and foreclosed homes, which drove down land prices.
There are a few reasons why land is relatively cheap in Arizona: Climate: Arizona is a hot and dry state, with much of the land being desert. This can make it less desirable to live in for some people, and can also make it more difficult to farm or develop the land.
Basically, it is an easy escrow process for Canadians to buy an Arizona home, it just may take a few extra days to get the final closing documents signed if you do not plan to come to the USA to sign closing documents. Title changes in Arizona when the deed is recorded with the County.
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