Buying or Selling a Home/Property disclosure

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Expert: - 1/13/2012


Question
Mr. Lewis,
I had asked your some questions several minutes ago. Here are some more questions:
1. Does the law in Florida require the seller, through listing agent or seller's agent to supply Seller's Disclosure on foreclosed as is perperty condition?
2. Does the law in Florida require the Seller, Listing agent, Seller's agent to exposure the existence of Permit Violation on a foreclsoed "as is" property to potential buyers?
Thanks!
Lisa

Answer
Lisa:
1. Does the law in Florida require the seller, through listing agent or seller's agent to supply Seller's Disclosure on foreclosed as is property condition? NO
2. Does the law in Florida require the Seller, Listing agent, Seller's agent to exposure the existence of Permit Violation on a foreclosed "as is" property to potential buyers? NO. However the title insurance that the seller bought her at closing  may cover the violation unless it is excluded in the policy.
Don't forget, "as-is".
Ted

Buying or Selling a Home

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Ted Lewis

Expertise

Can answer most any residential real estate question and more specifically questions about South Florida Real Estate. Massachusetts Real Estate Broker, Massachusetts Construction Supervisor and Florida Real Estate Broker. Have personally owned and sold hundreds of homes and at one time owned and managed 100's of apartment and well as did condominium conversions.

Experience

Homes, condos, construction, real estate law, apartment ownership. Can refer buyers and sellers to capable agents in South Florida -- am not actively seeking clients for my own account.

Education/Credentials
Many education courses in regards to Real Estate and Banking. Attended Harvard and Princeton Universities.

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