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To: CodeToad
There is no penalty for a seller not disclosing defects. None.

Freepers: Don't take legal advice from anonymous sources on the internet. (Yes, I see the contradiction.)

Especially from Florida Man.

Texas Law requires many disclosures when residential property is sold, and damages, interest and attorneys' fees may be recovered if the seller fibs.

Sec. 5.008. SELLER'S DISCLOSURE OF PROPERTY CONDITION; Sec. 5.010. NOTICE OF ADDITIONAL TAX LIABILITY; Sec. 5.011. SELLER'S DISCLOSURE REGARDING POTENTIAL ANNEXATION; Sec. 5.012. NOTICE OF OBLIGATIONS RELATED TO MEMBERSHIP IN PROPERTY OWNERS' ASSOCIATION; Sec. 5.013. SELLER'S DISCLOSURE OF LOCATION OF CONDITIONS UNDER SURFACE OF UNIMPROVED REAL PROPERTY; Sec. 5.014. NOTICE OF OBLIGATIONS RELATED TO PUBLIC IMPROVEMENT DISTRICT; Sec. 5.0141. NOTICE REQUIRED BEFORE CONTRACT EXECUTION; Sec. 5.0142. PURCHASER SIGNATURE REQUIRED; Sec. 5.0145. SUITS FOR DAMAGES;

85 posted on 08/21/2024 6:48:58 PM PDT by Pilsner
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To: Pilsner

Name a time that law has actually been applied. All Sates have such a law, yet, no one is held to it.

No report to relator boards ever results in punishments for relators lying. For one thing, agent/brokers simply claim their clients fills out the disclosure forms so the agent/broker is not the liar.


108 posted on 08/22/2024 3:51:10 AM PDT by CodeToad (Rule #1: The elites want you dead.)
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