Do I Need To Disclose Anything Wrong With My House?

By
Real Estate Agent with Beale Properties

Hollister CA – The Stop Foreclosure Institute recently received a question from Will. Here was his question.

“I am thinking of short selling my house. There are some problems with the house. I know that most home buyers get a home inspected before they buy it.

Do I have to tell them about the problems? Or, should I leave them for the inspector to find? Will.”

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here was our answer. Will, we would disclose everything to the home buyers. It doesn’t do you any good to hide any problems.

The inspector will probably find them. But, if any are missed, then the buyers could sue you later on for damages.

I don’t know all the legal ramifications. In my opinion, they could sue you for hiding a problem that you knew about.

Who needs more legal problems? Besides, even if the house sells for less money as a result of the problems, then your lender will take the loss.

Remember, in most cases you can’t make any money off of the short sale. And even if you do, that amount will probably not change if your home sells for a lower value.

Your lender would have to factor those problems into the price it could get if it was selling the home after a foreclosure.

Thinking about selling? Call me 831-636-8858

When we talk, I will explain how the process works in detail and answer any questions you may have.

Thanks for reading this, Israel Gonzalez. Israel is a Real Estate Agent at Beale Properties. Phone: (831) 636-8858. Israel@ighomes.com

View My homes for sale at www.bestREOhomes.com.

Israel Gonzalez specializes in loan modification assistance and short sales in Hollister California. Hollister Loan Modification Help, Hollister Short Sales. Hollister Short Sale Realtor Hollister CA Short Sales. Hollister Realtor.

Important Notice Israel Gonzalez, Beale Properties, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.

However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.

We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale. The views expressed here are Israel's personal views and do not reflect the views of Beale Properties. This information on Hollister Short Sale Question: Do I Need To Disclose Anything Wrong With My House? is provided as a courtesy to our viewers to help them make informed decisions.

Comments (2)

Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Interesting how people just assume they can keep flaws concerning their home a secret.  No one will find out?

Aug 24, 2015 10:03 AM
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Israel - We have about a 5 page disclosure where the home seller has to disclose everything they know about the home to any prospective buyer. It is called the Seller Property Disclosure Statement, or SPDS.

Aug 24, 2015 02:50 PM