It's a bank owned property, looks like it went back to the bank in 2007. Which means the home is sold "as is". The terminology they use on the listing sheet means the buyer is responsible for all repairs and the bank does not provide any disclosures, (which again means "sold as is".)
This is what you normally see on the foreclosures. It looks like it's a pretty good deal because the home is newer.
Hope this helps!
Its a Bank Owned property, Countrywide in this case. Bank owned or Bank REO properties are sold "as is" as the bank has not occupied the home and they will not provide a Real Property disclosure. This is standard procedure. If you have anymore questions, please feel free to contact me thru my profile.