Investor/seller disclosure requirements

Asked by Helen, Redwood City, CA Mon May 6, 2013

Is the owner of single-family owned investment property required to complete all seller disclosures?

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Ron Thomas, Agent, Fresno, CA
Mon May 6, 2013
The two extremes are;
The Sellers who LIVED in the house for a long time, and have first-hand knowledge about the property.
And the Bank, who OWNS the property, but has never LIVED in it; would no first-hand knowledge about anything.

Then there is the absentee owner; who would know some times, and not know others: They would be required to disclose what they did know.

Doesn't that seem reasonable?
The Disclosure rules were set up for reasonable, honest people.
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John Souerbry, Agent, Fairfield, CA
Mon May 6, 2013
Of course, same as a owner-occupied sale. UNLESS the property is owned by a trust or an estate in probate. Many rentals are owned by trusts. If that's the case, the disclosures are different, though the information that should be disclosed is about the same. The forms are just different.
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