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disclosures: Helpful Disclosure Information - 09/16/08 03:52 PM
Today a guest speaker, Robert Brand, talked about some disclosure questions at our weekly company meeting. I found it very informative. He first brought up REO sales. Banks are not exempt from disclosures but exempt from TDS, NHD, and Mello-Roos. They have to disclose if there are any known material facts, earthquakes, meth lab, smoke detectors, fraud and deceit. Listing agents should provide the bank with REO advisories (some banks will try to say they are exempt or may not know what they are suppose to supply). Confirm in writing that you gave them the advisories. Do the AVID, home inspection,
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Jennifer Bragg
Santa Barbara,
CA
More about me
Prudential California Realty
Address: 1170 Coast Village Road, Montecito, CA, 93108
Cell Phone: (805) 705-6591
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