Quote:
Originally Posted by The Shadow
If you or I sell a house in Florida we will have to fill out a form called “Seller’s Real Property Disclosure Statement” . Questions like question #1a. Are you aware of existing, pending, or proposed legal actions, claims, special assessments, ……..affecting the property. If yes explain……
In my thinking if I sell my house in TV and I do not answer #1a. with IRS, grounds would exist for a civil suit against me for damages. Note I am not a lawyer.
If anything changes on this form you must inform your buyer of the change in 5 days.
If I am obligate to provide this information TV should also.
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Shadow good information. This action began in the first quarter of 2009. It is now second quarter 2011. Don't know that the housing documents added this disclosure? I suspect with the number of closing documents, if the disclourse is included many buyers may have glossed right over it?
One point here is that whatever the IRS does here they will need to apply in every other CDD in the state of Florida