[Bonanza]

Originally Posted by slipcovers

I am well aware of a disclosure "form", as is anyone who has bought or sold property. However, there are "Disclosure Laws" as to what must be disclosed. I did google this before I posed the question to you. I could not find anywhere in the "Disclosure Laws" that the IRS bond investigation would apply. If you find a law, please post it. Otherwise, it is not a "Disclosure" and therefore speculation. In fact, if it were a disclosure, and not disclosed there would be a lot of lawsuits.

While partially "off topic" from the original thread, I am responding to your post because it needs some corrections.

Judging from your post, It's obvious you have never seen or signed one. You are incorrect regarding many parts and areas of a real estate Seller's Disclosure form.

We are speaking specifically, about a "Seller's Disclosure" concerning real estate when a buyer is purchasing a property, not a different type of disclosure.

Your assumption is inaccurate. No, most buyers are not aware there is such a disclosure; I would venture to say that 90% of the buying public has no idea there is such a form.

A Seller's Disclosure will always have a question regarding any type of lawsuit or litigation that must be answered by the seller. You will never find a specific lawsuit mentioned because the question encompasses all types of suits. There is no "speculation" whatsoever. There is either an existing or pending lawsuit or there isn't.

As you do not work in the field of real estate, you have no idea the number of lawsuits there are because sellers do not disclose faults and issues with their property. These disclosures are not simply limited to the specific property but can also cover an area close to the subject property. A sinkhole a few houses down the street would be an example of this.