Exculpatory Clauses - Where'd They Go?
I don't hear mention of these as I did in the past, to limit liability to the property itself, and not chase a mortgage defaulter into the bedroom, and sell the sheets to pay off a mortgage.
Why have these statements "gone away" in RE contracts?
I actually think the idea may still be vaild -things happen in RE, even to the fairly experienced, due-diligent gentleperson.
We want our families left out of costly RE errors if possible.
Alan
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