Notes on Stale Notes
What is a stale note? A stale note is a promissory note—evidence of having made a loan—on which the lender has never demanded payment by the borrower.
Western land, business and construction law. Real property litigation in Arizona & Wyoming.
For more than two decades, Adam Weisman has represented clients small and large, including owners, developers, lenders, and businesses.
His practice focuses on the transactions and disputes that shape land across the Southwest and Mountain West, serving clients in both Arizona and Wyoming.
What is a stale note? A stale note is a promissory note—evidence of having made a loan—on which the lender has never demanded payment by the borrower.
In March, the Arizona Supreme Court decided Maarten Kalway v. Calabria Ranch HOA, 506 P.3d 18, a case that had nothing to do with STRs or takings, but which strongly limits the rights of HOAs to make decisions that are not “reasonable and foreseeable” about private property rights based upon a less-than unanimous vote.
Adam Weisman presented a continuing legal education seminar on quiet title actions for the Pima County Bar Association. Download his slides on quiet title in Arizona.