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Matt In Torr…, Real Estate Pro in Torrance, CA

What is LGS Report? Tax Related?

Asked by Matt In Torrance, Torrance, CA Tue Apr 30, 2013

LGS Report -- Inlcuing tax data report????

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This is a natural hazard report and is required for most transactions.
0 votes Thank Flag Link Wed May 1, 2013
LGS - is a Natural Hazard Repot company that also discloses the taxes related to the property the report is done on.
I would also ask them to include a CLUE report which discloses if there has been any insurance claims on the property in the last 5 years.
0 votes Thank Flag Link Tue Apr 30, 2013
Hi Matt,

LGS is a vendor that supplies a natural hazard report when ordered. This report will report things like earthquake fault locations, whether the property is in a high fire or flood danger zone etc. This report will also include special tax assessments currently levied on the property by local parties. This is usually a Seller expense and provided to the Buyer side for review.

Feel free to contact me for further details.

0 votes Thank Flag Link Tue Apr 30, 2013
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