What Happens If You Don't Disclose a Known Defect?

What Happens If You Don't Disclose a Known Defect?

Selling your home doesn't end your legal relationship to it the moment you hand over the keys. If a buyer later discovers a problem you knew about and didn't disclose, the consequences can follow you well past closing day. Short answer: Failing to disclose a known material defect can expose you to a lawsuit for damages, potential rescission of the sale, and in some states, statutory penalties ...

Seller Disclosure Requirements: What You're Legally Required to Tell Buyers

Seller Disclosure Requirements: What You're Legally Required to Tell Buyers

What you're required to tell a buyer about your home isn't optional, isn't a formality, and isn't the same from state to state — and getting it wrong can create legal exposure long after you've moved ...

Title Company vs. Attorney Closing: What Your State Requires

Title Company vs. Attorney Closing: What Your State Requires

Who actually runs your closing — a title company or a real estate attorney — depends entirely on where your home is located, and it's not optional in every state. Short answer: Some states legall ...

What Is Escrow? A Seller's Plain-English Guide

What Is Escrow? A Seller's Plain-English Guide

"It's in escrow" is one of those real estate phrases everyone uses and few people can actually define — including plenty of sellers who are going through the process for the first time. **Short answe ...

How to Change the Name on a House Deed Before or After Selling

How to Change the Name on a House Deed Before or After Selling

A mismatch between the name on your deed and your current legal name — after a divorce, a marriage, or the death of a co-owner — can stall a home sale if it's not addressed before you get to closing. ...