Josh, it is my understanding that there is no disclosure on bank owned properties or, franklly, auctioned properties.
First, does this rule apply to short sales as well?
What about environmental issues with the house. Is there any way to find out if there have been any in the past? (This is a major health concern for me).
If not to the two above, is there any recourse if a home is purchased that has environmental issues after the fact even though it was sold as is? This may be a hidden flaw?
Thanks for your insight in this matter.
Josh, it is my understanding that there is no disclosure on bank owned properties or, franklly, auctioned properties.
First, does this rule apply to short sales as well?
What about environmental issues with the house. Is there any way to find out if there have been any in the past? (This is a major health concern for me).
If not to the two above, is there any recourse if a home is purchased that has environmental issues after the fact even though it was sold as is? This may be a hidden flaw?
Thanks for your insight in this matter.
There will be no sellers disclosure on foreclosures. The contract will also be done on a contract provided by the bank. It pretty much relinquishes them from any responsibility after the deal is done. You need to have the property thoroughly inspected before the purchase and do your due diligence. The title company will help you in finding out if there are any liens on the property. The bank should take care of all liens before you purchase the property. Diligence is needed when purchasing any property, especially those owned by the bank.
With that said, I've sold several this year and haven't had any problems. It's all been very smooth.
Josh works hard, stays McClean and is cute as a button!!!Josh, I guess you know I have been watching you from afar. I think it's tremendous that you have found a way to post such huge numbers this year. Keep after it. JC
Josh, Are these all the Bank owned properties in Sowal? Is this a partial listing of select properties or all inclusive? Thanks, JC