inspection of foreclosure properties: Why don't foreclosures have disclosures?
- 05/05/13 11:44 AM
Why don't foreclosures have disclosures?
The typical REO owner does not disclose anything, because doing so might infer that they know and have disclosed everything. Of course, they do not and cannot know everything about a house which they have not inhabited.
Any agent who shows an REO property should know that the property is being sold "Where is, As is" and should clearly warn a client of that fact and the implications.
Many of the questions that a buyer might have concern conditions that the seller does not actually know, such as broken water pipes. Most REO properties do not have utilities on when … (6 comments)
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Why don't foreclosures have disclosures? 
;)
;)
;)
