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In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind. [1]
The Natural Hazards Disclosure Act, under Sec. 1103 of the California Civil Code, [1] states that real estate seller and brokers are legally required to disclose if the property being sold lies within one or more state or locally mapped hazard areas. The law specifies that the six (6) required hazards be disclosed on a statutory form called the ...
Many jurisdictions recognize several forms of stigmatized property, and have passed resolutions or statutes to deal with them. One issue that separates them is disclosure. Depending on the jurisdiction of the house, the seller may not be required to disclose the full facts. Some specific types must always be disclosed, others are up to the ...
Home equity lines of credit (HELOCs) are more flexible and usually cheaper than home equity loans. That makes them a popular and potentially sensible way for homeowners to access the equity in ...
The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and ...
California teen allegedly made $40K selling nude photos. Her father helped, sheriff says. Ishani Desai. November 28, 2023 at 1:45 PM. El Dorado County Sheriff's Office.
The buyer must be allowed ten days to request an evaluation of any lead paint in the house. This time limit may be altered upon agreement by both the buyer and seller. Every contract selling a house must include a Lead Warning Statement. The buyer is required to read the statement, and their signature on the contract is equivalent to an ...
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