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The Interstate Land Sales Full Disclosure Act of 1968 was passed in 1968 with the intention of helping protect consumers from land-related scams, but regulating the sale of land across state lines. [1] The act requires sellers to prepare center information about the piece of property they are trying to sell and disclose it in a "Property Report."
A regulated developer is to provide each purchaser with a disclosure document called a Property Report. The Property Report contains relevant information about the subdivision and must be delivered to each purchaser before the signing of the contract or agreement and gives the purchaser at a minimum a 7-day period to cancel the purchase agreement.
The reference to 'HUD' in the form's name refers to the Department of Housing and Urban Development. Federal regulations require that unless its use is specifically exempted, either the HUD-1 or the HUD-1A, as appropriate, must be used for all mortgage transactions that are subject to the Real Estate Settlement Procedures Act. Prior to October ...
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The existence of section lines made property descriptions far more straightforward than the old metes and bounds system. The establishment of standard east-west and north-south lines ("township" and "range lines") meant that deeds could be written without regard to temporary terrain features such as trees, piles of rocks, fences, and the like, and be worded in the style such as "Lying and ...
—247B: Assessed valuation of real property in Ohio in 2017. —1939: Year the Ohio Revised Code required millage expressed in a dollar amount related to $100 of property valuation. —229: Pages ...
The Beginning Point of the U.S. Public Land Survey is at a point on the Ohio-Pennsylvania border between East Liverpool, Ohio, and Ohioville, Pennsylvania, on private property. A National Historic Landmark marker commemorating the site lies on the side of a state highway, exactly 1,112 feet (339 m) to the north of the point.
In Ohio, a new law requires owners to disclose to their real estate agents whether the harsh synthetic street drug has ever been manufactured in their home before putting it up for sale. Motor ...