For your convenience, the complete English version of this form is attached below the Spanish version. This form is a Sellers Disclosure and Disclaimer Statement for use in a residential sales transaction. This statement concerns the condition of property and is completed by the Seller. Though this form is valid in many states, your state may require a specific disclosure form. It is your duty to confirm you are meeting your legal obligations.
Michigan Declaracion de Descargo de Responsabilidad y Descripcion de una Propiedad Residencial. Residential Property Disclosure and Disclaimer Statement
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Multi-State
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US-37014-SPAN
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Word;
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Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. Se trata de una declaración y denegación de responsabilidades por parte del vendedor, para ser utilizada en una transacción de compraventa de inmuebles para la vivienda. Esta declaración se refiere a la condición de la propiedad y es el Vendedor quien debe completarla. Aunque este formulario es válido en muchos estados, el suyo quizá pueda exigir un formulario específico. Queda bajo su responsabilidad corroborar que cumple con sus obligaciones legales.
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FAQ
The Michigan Seller Disclosure Act requires the seller (or the seller's agent) to provide a written Seller's Disclosure Statement (SDS) to the prospective buyer (or prospective buyer's agent) before execution of a binding purchase agreement for the property.
Exceptions to the Michigan Disclosure Requirements These exceptions include: transfers pursuant to court order, including by probate, a writ of execution, foreclosure sale, those made by a trustee in bankruptcy, transfers by eminent domain, and transfers resulting from a decree for specific performance.
An exempt seller in the most common scenario is when a property is held in a trust and the trustee does not reside in the property. The seller is exempt from having to fill out the Transfer Disclosure Statement. In that rare case C.A.R. has created the form Exempt Seller disclosure. When Should The Seller Use an Exempt Seller Disclosure? - YouTube youtube.com ? watch youtube.com ? watch
A Michigan property disclosure statement is a form through which sellers must report the condition of their residential real estate to potential buyers.
If there is a serious issue that was not disclosed, you may have a legal remedy against the seller, the seller's broker, or possibly, the home inspector. Legal Remedies If A Home Seller Lies or Conceals a Defect in Michigan nolo.com ? legal-encyclopedia ? buyers-leg... nolo.com ? legal-encyclopedia ? buyers-leg...
Purpose of Statement: This statement is a disclosure of the condition of the property in compliance with the seller disclosure act. This statement is a disclosure of the condition and information concerning the property, known by the seller. seller disclosure act (excerpt) - Michigan Legislature mi.gov ? mcl ? pdf ? mcl-565-957 mi.gov ? mcl ? pdf ? mcl-565-957