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Parents' home in Gilbert sold for well under market value. It was 'equity skimming'
Parents' home in Gilbert sold for well under market value. It was 'equity skimming'

Yahoo

timea day ago

  • Business
  • Yahoo

Parents' home in Gilbert sold for well under market value. It was 'equity skimming'

Question: In 2019, my parents sold the family home in Gilbert and moved to a continuing care facility 3 miles away. They had purchased the family home in the 1980's for $185,000. Both of my parents passed away last year. My sister and I were going through their paperwork recently. We were shocked to find that our parents had signed a contract with a buyer to sell the home, which was in pristine condition, for only $290,000. This buyer, while in escrow sold the home to another buyer for $425,000, and the sale closed. My sister is a Realtor, and she said that the fair market of the home in 2019 was at least $425,000. In other words, my parents were cheated out of at least $135,000. Is there anything that we can do now, or is it too late? Answer: Probably too late. The original $290,000 buyer in this transaction was a 'wholesale' buyer. In other words, a buyer who never intends to close escrow, but intends to assign the purchase contract in escrow to another buyer for a higher price. This was 'equity skimming.' Some escrows would even have three or four wholesalers raising the price of the home in increments from the $100,000 contract price to a $200,000 closing price. Fortunately, in 2022 the Arizona Legislature passed A.R.S. 44-5101, which requires a wholesale buyer to disclose in writing to the seller of a home that the wholesale buyer will be assigning the purchase contract for a higher price to another buyer who will close the escrow for the purchase of the home. This article originally appeared on Arizona Republic: What to know about 'equity skimming' in real estate Sign in to access your portfolio

Do you have photos or video of the Grand Canyon Lodge to share with azcentral.com readers?
Do you have photos or video of the Grand Canyon Lodge to share with azcentral.com readers?

Yahoo

time14-07-2025

  • Yahoo

Do you have photos or video of the Grand Canyon Lodge to share with azcentral.com readers?

The Grand Canyon Lodge on the Canyon's North Rim was open to visitors for nearly 90 years before burning along with dozens of other structures in the Dragon Bravo Fire over the weekend of July 12-13. The fire was caused by lightning and started July 4. The lodge opened in 1937 and was the only hotel located inside the national park at the North Rim. It was a place where many Arizonans — and people from across the globe — spent memorable visits and enjoyed spectacular views of one of Earth's natural wonders. Do you have photos or video of the Grand Canyon Lodge that you would like published on We'd love to share them with other readers, so that more people can appreciate the lodge's beauty and understand what it meant to the people who visited. Click here to submit your photos or video of Grand Canyon Lodge. Do you have a special memory of the Grand Canyon Lodge? We'd love to hear and share it. Email The Arizona Republic news team at newstips@ This article originally appeared on Arizona Republic: How to share photos, videos and memories of Grand Canyon Lodge

A 'Love Island USA' Season 7 reunion is on the way: Date, time, hosts
A 'Love Island USA' Season 7 reunion is on the way: Date, time, hosts

USA Today

time14-07-2025

  • Entertainment
  • USA Today

A 'Love Island USA' Season 7 reunion is on the way: Date, time, hosts

Miss the islanders already? The winners of "Love Island USA" Season 7 have been crowned, but the season is not officially over yet. Peacock has announced a reunion slated for late next month, meaning relationship updates and potential drama are on the way. Here's what we know about the upcoming "Love Island USA" Season 7 reunion. 'Love Island USA' Season 7: See the couples who made it to the finale When is the 'Love Island USA' Season 7 reunion? The "Love Island USA" Season 7 reunion is scheduled for August 25 at 9 p.m. ET on Peacock. Who is hosting the 'Love Island USA' reunion? According to Deadline, longtime television host Andy Cohen will join forces with "Love Island USA" host Ariana Madix for the epic reunion, where contestants are expected to recap their experience. Who won 'Love Island USA' Season 7? On July 13, Amaya and Bryan were revealed as the winners of "Love Island USA" 2025. Alongside their bragging rights as the fan-favorite couple, the two split a $100,000 prize. Is 'Love Island USA' casting for Season 8? Peacock has not yet made an official announcement on whether "Love Island USA" will be returning for Season 8 and a representative had no information to offer when contacted by USA TODAY. Yes, "Love Island USA" is currently accepting applications for those interested in Season 8 , according to the Arizona Republic, part of the USA TODAY Network. Applicants must be at least 18 years old to be considered. The application could be found here: Contributing: KiMi Robinson, Saman Shafiq, USA TODAY Taylor Ardrey is a news reporter for USA TODAY. You can reach her at tardrey@

A 'Love Island USA' Season 7 reunion is on the way: Date, time, hosts
A 'Love Island USA' Season 7 reunion is on the way: Date, time, hosts

Indianapolis Star

time14-07-2025

  • Entertainment
  • Indianapolis Star

A 'Love Island USA' Season 7 reunion is on the way: Date, time, hosts

Miss the islanders already? The winners of "Love Island USA" Season 7 have been crowned, but the season is not officially over yet. Peacock has announced a reunion slated for late next month, meaning relationship updates and potential drama are on the way. Here's what we know about the upcoming "Love Island USA" Season 7 reunion. 'Love Island USA' Season 7: See the couples who made it to the finale The "Love Island USA" Season 7 reunion is scheduled for August 25 at 9 p.m. ET on Peacock. According to Deadline, longtime television host Andy Cohen will join forces with "Love Island USA" host Ariana Madix for the epic reunion, where contestants are expected to recap their experience. On July 13, Amaya and Bryan were revealed as the winners of "Love Island USA" 2025. Alongside their bragging rights as the fan-favorite couple, the two split a $100,000 prize. Peacock has not yet made an official announcement on whether "Love Island USA" will be returning for Season 8 and a representative had no information to offer when contacted by USA TODAY. Yes, "Love Island USA" is currently accepting applications for those interested in Season 8 , according to the Arizona Republic, part of the USA TODAY Network. Applicants must be at least 18 years old to be considered. The application could be found here: Contributing: KiMi Robinson, Saman Shafiq, USA TODAY

When does ‘Love Island USA' return? What we know about Season 8 and spinoffs
When does ‘Love Island USA' return? What we know about Season 8 and spinoffs

USA Today

time14-07-2025

  • Entertainment
  • USA Today

When does ‘Love Island USA' return? What we know about Season 8 and spinoffs

After a summer drama, Season 7 of "Love Island USA" is over. Amaya Espinal and Bryan Arenales were crowned winners of "Love Island USA" 2025 on Sunday, July 13, becoming the fan-favorite couple and taking home $100,000. Nic Vansteenberghe and Olandria Carthen were the runner-up couple, thanks to viewers who cast their votes on the Peacock show's app. Iris Kendall and Pepe Garcia-Gonzalez and Huda Mustafa and Chris Seeley also made it to the finale. The latest season of "Love Island USA" became something of a cultural phenomenon both online and off, with viral clips, unhinged memes and the occasional sound bite trending across various social media platforms after new episodes aired. Viewers were hooked as the islanders spent several weeks navigating love and drama. As Season 7 of "Love Island USA" draws to a close, here's what we know about what's next for the franchise. Will there be 'Love Island USA' Season 8? Peacock has not yet made an official announcement on whether "Love Island USA" will be returning for Season 8 and a representative had no information to offer when contacted by USA TODAY. However, casting for the hit reality TV show, based on the U.K. version of the series with the same name, is open with the show accepting applications for contestants for Season 8, the Arizona Republic, part of the USA TODAY Network, reported. Like previous seasons, Season 8 is expected to air in summer 2026. "Want to be the next Love Island USA Islander and turn heads in the upcoming season," the announcement said. "This is your moment to shine − don't sleep on it!" Need a break? Play the USA TODAY Daily Crossword Puzzle Inspired by 'Love Island USA'? Why now is a great, cheap time to visit Fiji When is 'Love Island USA' Season 7 reunion episode? During the final episode, it was announced that the reunion episode of "Love Island USA" Season 7 is slated to drop Monday, Aug. 25, at 9 p.m. ET. 'Love Island USA' spinoffs Two "Love Island" spinoffs have been announced by Peacock so far, including: 'Love Island: Beyond the Villa': Here's how to watch the new spinoff series 'Love Island USA' Season 7 cast While casting for the next season of "Love Island USA" is still underway, here's a list of every islander who entered the villa in Season 7: Women Men Dumped 'Love Island USA' Season 7 cast: See every islander so far How to watch 'Love Island' Season 7 "Love Island USA" Season 7 is available to stream exclusively on Peacock. The streaming service offers two subscription options: Premium for $7.99 a month, and Premium Plus for $13.99 a month. "Love Island USA" Seasons 4-6, the upcoming Season 6 spinoff "Love Island: Beyond the Villa," "Love Island Games," the UK's "Love Island: All Stars," and seasons of "Love Island South Africa" and "Love Island Spain" can be streamed on Peacock, too. Contributing: Taylor Ardrey, Amaris Encinas, Anthony Robledo, USA TODAY Saman Shafiq is a trending news reporter for USA TODAY. Reach her at sshafiq@ and follow her on X and Instagram @saman_shafiq7.

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