HUD flaunts Georgia law by failing to disclose adverse material facts!

I haven't sold a HUD house in years.  But this does concern me.  If they know they do have a legal obligation to disclose

I stay away form HUD homes if possible.  but this is just like the big banks who pull the same3 bull.

Richard - Yes, but we all know the government can play by their own rules anytime they want to...or by none at all.

Richard Weisser - I recently showed a really distressed HUD home and I feel it was priced way over market.  I did not see any value in it at all for owner occupied or for any investor.  In fact I felt the home needed so much work that no one in their right mind would buy it considering that you could buy any resale home in much better condition + improvements for less money.  

Richard, great info you have there...

yeah, Seller must follow the rules, and so with buyers too coz we ain't got a choice.

It should still be the listing agent's responsibility "if" any adverse info trickled down to them.  Years ago, in NC, we discovered termites in a HUD home and canceled the deal because the offering price did not consider that negative aspect. (It was missed in their appraisal/repair escrow).

HUD seller wouldn't re-negotiate or fix it because it was a CASH offer.

The listing agent had to re-list it, and added the termite disclosure right on the MLS listing.  We went back a month later with a 25% lower offer and it was accepted.

They would have netted more $ if they had identified it with repair escrow, or fixed it, or adjusted the price during our offer.  

I agree hold their feet to the fire. All "sellers" must disclose. It's That Simple. Thanks Richard, have a great week.