Real Estate & Property Law
Ariz. Appeals Court Gives $500K Cash Stash to Heirs of Homeowner Who Hid It in the Walls
Posted Jun 1, 2012 4:46 PM CST
By Martha Neil
Nixing the claim of a purchaser of an Arizona home in which a contractor found a $500,000 cash stash hidden in the walls, as well as the contractor's bid to keep the bucks, a state appellate court has given the money to the heirs of the then-owner who hid it.
Because the money was lost, rather than abandoned, it belonged to Spann's estate, the unanimous decision explained.
Hat tip: Daily Mail.