STATUTORY DISCLOSURES

CAVEAT EMPTOR

ADOPTION OF DISCLOSURE STATUTES

EXCLUSIONS

• First Sale of Unoccupied Dwelling
• Sale by Financial Institution
• Seller is Court Appointed
• Sale is by Government Agency

“AS-IS”?

YES, NO, UNKNOWN

TITLE

• Encroachments, boundary agreements
• Easements, licenses
• Boundary Surveys
• CC&Rs

WATER

• Irrigation
• Sprinkler System

SEWER

• Septic System
• Line Repairs

DWELLING STRUCTURE

• Roof Leaks
• Permitted Additions
• Woodstove
• Moisture Problems
• Defective Materials

COMMON INTEREST

• HOA?
• Assessments
• Special Assessments
• Common Area
• HOA Litigation

SEISMIC

• Pre-1974
• Bolted to Foundation

GENERAL

• Drainage
• Material Damage
• Flood Plain
• Drug Site

FULL DISCLOSURE

• Catch-all
• Material Defects

CLAIMS

• Misrepresentation
• Fraud
• Breach of Contract

LIABILITY

INSURANCE