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Asked in IL May 19, 2022 ,  0 answers
Do you have to disclose flooding if it is a forclosure? I purchased a forclosure 3 years ago and no one told me it flooded the year before i bought it. It also flooded last year. I can't deal with this anymore. Is the realtor rsponsible to tell me this information?
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2 Answers

Anonymous
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Posted on / Apr. 18, 2013 16:03:00

I agree with Mr. Moens. Illinois law exempts sellers who have not occupied property for 12 months prior to providing a standard disclose form and lenders regardless of occupancy unless they had actual knowledge. Brokers are not liable to make any disclosure unless the have actual knowledge.

Anonymous
Reply

Posted on / Apr. 18, 2013 16:03:00

I agree with Mr. Moens. Illinois law exempts sellers who have not occupied property for 12 months prior to providing a standard disclose form and lenders regardless of occupancy unless they had actual knowledge. Brokers are not liable to make any disclosure unless the have actual knowledge.

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