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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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It used to be said that property rights, eminent domain, just compensation and the like were topics best left to the attorneys. There were plenty of questions over the years beginning with Oliver Wendell Holmes’ famous Pennsylvania Coal Co. v. Mahon (1922) decision which so unsatisfactorily failed to settle the debate about the difference...
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Though the disclosure of a stigmatizing event may not be required in the absence of a clear inquiry, it is an appropriate subject to discuss with your seller before accepting the listing and embarking on a marketing strategy.
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What happens if the property your Buyer contracted to buy is destroyed? Are you sure they are protected?
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As property values fall, not only is it more difficult to appraise homes but the stakes are a lot higher.
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It is always best when parties to a failed agreement of sale reach an agreement about disbursing the deposits and then sign a release. More often than not this is achievable.
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While representing a seller, the listing agent learned about a material defect in the property. The seller refused to reveal the defect, and when the agent insisted that either the seller had to disclose the defect or the agent would, the seller fired the agent.
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Thursday, Feb. 9, 2012
