Short Sale Disclosure Ruling Raises Other Questions by Bob Hunt

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Real Estate Agent with JustListedKnoxville.com / Signature Homes

Suppose you had a listing and that, because of some fact about either the seller(s) or the property, you believed that any transaction would stand a greater than normal chance of failing to close. (Yes, I've had one of those too.) Would you have a duty to disclose those circumstances to a prospective buyer even before they entered into contract? Apparently, "yes", if you do business in California's 4th Appellate District .http://realtytimes.com/rtpages/20101109_shortsale.htm

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