I am buying a home and was not told it was a short sale until after I paid 2000.00 dollars towards escrow and signed a contract. Is the agent?
obligated legally or ethically to provide this info to potential buyers?
Answers (2)
FIRST ANSWER
Hello Dolce,
There is the possibility that the property may have not been a short sale at the time the listing agent proceeded to get the owner sign the listing package? Time goes by quickly and the houses are not selling that fast so a few months may have passed. Nowadays the Trend Multiple Listing Service requires to disclose in the listing if it is a short sale or not.
Web Reference: http://www.inesdelacruz.com
Is the agent obligated legally or by ethics of a real estate agent to provide this info to potential buyers??
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