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Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Don’t ask don’t tell doesn’t apply to real estate.

When selling a home it is always good policy to disclose any known material facts about a house. Hiding something that may be important to a buyer simply because “they didn’t ask” has the potential to cause problems down the road and maybe even end up in a legal battle.
Disclosure laws differ by state so what must be disclosed in some states may not be required in others. To help home sellers meet their disclosure obligations the state REALTOR® Associations have developed forms that the seller can use. The forms cover the most common items that might be asked by a buyer. But often there may be other unique things about a property that are not covered on the standard form. As a seller, should you wait to see if the buyer will ask you directly about the planned toxic waste dump on the property next door? Probably not.
Even in states that have very liberal disclosure laws a seller can be held accountable for failing to disclose something that might affect the future enjoyment of the buyer. Under the rules of common law, the courts have often sided with buyers who after purchasing a home discovered that a seller hid important ... more

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