Hidden defects disclosure in a short sale

We purchased a short sale property last year (october). We just had some water damage due to freezing water and after I requested a clue report I discovered that the previous owner has filed the same claim with his home insurance back in 2008. Is the owner of a short sale under obligation to disclose this info even though the property was a short sale? Thank you for all your help.

0 members like this

▶ Reply to This

Replies to This Discussion

Permalink Reply by Wayne Brooks on February 26, 2013 at 9:32am

A short sale situation, has no bearing on disclosure laws. Being in Fl I'm not familiar with freezing pipes or a "clue" report. If there was a previous claim and it was properly repaired, I don't know if that would need to be disclosed, as per your state's disclosure laws.

▶ Reply

RSS

Welcome to
Short Sale Superstars

Sign Up
or Sign In

Or sign in with:

Members

View All

Badges | Report an Issue | Terms of Service

Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.