seller: Property Disclosure Problems in Short Sales
- 02/27/12 02:24 AM
I wanted to write a blog pertaining to Seller Disclosure Duties and AS-IS Clauses used in Short Sales. As we all know, property disclosures pertaining to the condition of the property lead to a significant source of legal disputes and claims between Buyers, Sellers, and involved Brokers. Unfortunately, disclosure problems seem to increase when the transaction involves an underwater Seller or upside down property. Often times, the Sellers feel removed from the transaction since they are not receiving proceeds beyond potential HAFA relocation assistance. Another reason is that often times the sale takes so long, that the initial disclosures become outdated, … (0 comments)
GroupOneLegal.com Email Me Visit us on Facebook I wanted to send out a blog regarding Tenants and Short Sales. I have had several agents, landlords, and/or clients that have asked me about whether or not they should notify their tenant(s) when they are or about to become delinquent on their mortgage. Also, whether or not they should shed light on the fact that they may be pursuing a short sale transaction. Landlords, Tenants, Agents, and Clients have also asked me whether it is illegal to collect rents while owner/landlord … (5 comments)
I wanted to write a blog pertaining to Seller Disclosure Duties and AS-IS Clauses used in Short Sales. As we all know, property disclosures pertaining to the condition of the property lead to a significant source of legal disputes and claims between Buyers, Sellers, and involved Brokers. Unfortunately, disclosure problems seem to increase when the transaction involves an underwater Seller or upside down property. Often times, the Sellers feel removed from the transaction since they are not receiving proceeds beyond potential HAFA relocation assistance. Another reason is that often times the sale takes so long, that the initial disclosures become outdated, … (0 comments)
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