Discloser Forms on Estates

rossmcd
1 Message

Send Message
Date Joined:
Aug 12th, 2008
Location:
Florida

Its my understanding in the state of INDIANA forclosures and estate properties are exempt from having to disclose any known problems with a property. In these cases, if something arises that wasnt disclosed, knowingly or unknowningly, who is liable? The executor of a will???

Paula_Adams
(Forum Leader)

Send Message
Date Joined:
June 10th, 2008
Location:
California

No one is liable. The property is sold as is with no representations. how could an executor who never lived in the house have any knowledge?

elvenrunelord
15 Messages

Send Message
Date Joined:
Sept 27th, 2008
Location:
North Carolina

As long as a potential buyer has the opportunity to have an inspector come in and examine the property then I really see no problem with this. However a law that forces complete transparency and requiring an inspection and evaluation before putting the property up for sale provides for a safety net for everyone involved in my opinion.