In a rare move, the Pennsylvania Superior Court agreed to hear reargument of an appeal where the issue is whether a murder/suicide that takes place in the property is a “problem” that must be disclosed.
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In a rare move, the Pennsylvania Superior Court agreed to hear reargument of an appeal where the issue is whether a murder/suicide that takes place in the property is a “problem” that must be disclosed.
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The Department of Housing and Urban Development ("HUD") implemented new changes in RESPA, the Federal Reserve introduced a new Truth-in-Lending disclosure form and a new HUD-1 Settlement Sheet and Good Faith Estimate made its way into our transactions.
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The residential rental market has seen a dramatic increase in the number of families deciding to rent rather than purchase their homes. This trend has also attracted scammers and con artists to commit rental fraud.
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The Real Estate Seller Disclosure Law requires that sellers inform buyers when the disclosures are “rendered inaccurate prior to final settlement as a result of any act, occurrence or agreement.” If a home was flooded or otherwise damaged after sellers originally filled out their disclosure form, they need to go back and amend the...
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Under the Real Estate Seller Disclosure Law, the listing broker is required to provide the seller with the disclosure form and advise him of his responsibility to disclose all known material defects.
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Unlike many states, Pennsylvania has no statute that specifically requires disclosure of a former “meth lab” to potential buyers or renters; however, that doesn’t mean there aren’t disclosure issues.
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Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development (HUD), recently announced that certain types of loans designed to help low- to moderate- income borrowers are exempt from the principal disclosure requirements found in Sections 4 and 5 of the Real Estate Settlement Procedures Act (RESPA).
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I’m currently defending a broker and her salesperson in a failure-to-disclose lawsuit. My client -- a buyers’ agent -- has been accused of failing to tell her clients that mold is not an unusual environmental condition and that they have a right to test for its presence.
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Legal Hotline callers want to know whether licensees have a duty to determine the presence of Megan’s Law registrants and whether the answer changes depending on the status of the licensee as a buyer’s or seller’s agent.
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Thursday, Feb. 9, 2012
