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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 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 ...
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 ...
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.
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 ...
The closing (also called the completion or settlement) is the final step in executing a real estate transaction.It is the last step in purchasing and financing a property. [1]
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 ...
College graduates fall into this category once they have completed the state-required courses as well. California allows licensed attorneys to become brokers upon passing the broker exam without having to take the requisite courses required of an agent. Commonly more coursework and a broker's state exam on real estate law must be passed.
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related to: selling house disclosure form california printable