“There is no state or federal law that requires a seller to provide any disclosure forms for a short sale.” This is from one of the attorneys for out Florida Association of Realtors.
I wonder how he reconciles that statement with this:
A Seller of a residential property, whether a bank or an individual and regardless of whether the seller occupied the property, is obligated under Florida law to disclose to a buyer all known facts that materially affect the value of the property which are not readily observable and are not known to the buyer. The disclosure obligation can be fulfilled via either a verbal or written disclosure.
Now I know for a fact that a property’s value is affected negatively if a “short sale” is required in order to be sold. And this is certainly NOT observable.
So what gives?