Are you buying foreclosure properties? If so, there’s plenty of pitfalls, problems and potential lawsuits looming if you don’t know what you are doing. The media, the consumer watchdogs and the Attorney Generals are 'on the hunt' for bad foreclosure investors.
These disclosures are a great list of things you can add to your current purchase agreement, state law disclosures, and/or as a separate disclosure form in addition to your regular purchase agreement. It’s also a very good starting point as a 'checklist' of issues you need to consider when dealing with sellers in foreclosure who may be confused about the transaction. Either way, just ONE of these 20 disclosures will save you time, money, aggravation and potential lawsuits.