Disclosure Letter - Anybody Have Advice?
I know many investors have sellers sign a disclosure stament, stating all the facts of the transaction in plain english.
What do you include in these dsicliosures, and does any body have a sample?
do you mean truth in lending or lead paint. Maybe you need a real estate study book every thing should be there
I feel that a quick blurb stating that they (the seller/s) understand that you are buying the property "Subject to" and that you do not intend to get new financing, They understand that the Lender has the right to call the loan due etc. is not a bad idea. If you never need it, great. However, If they forget what you told them and decide to sue you for fraud etc.
You are covered. Also, Get it notarized.
Good Luck,
Jeff