06-08-2018, 02:53 PM
"I saw the same report jrw is talking about and must say yeah the folks did not do their "due diligence" but.. and here is the rub.. it sounds like the realtor they dealt with hid the facts. If I was them I would be looking into taking the realtor to task.. ie court on that account alone. In fact as this all shakes down if any realtor is found to have hid the facts from buyers I say they should have their license to practice thrown out immediately and not be allowed to practice ever again. Period"
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It is the property owner's legal obligation to disclose , not the Realtor's. Adding a Lava Zone disclosure form to all sales that required both Sellers and buyers signature would be a big step towards clearing this up.
Assuming they went through a conventional purchase, they were made aware of the zone issue and all it implies through the disclosure process. No not always.....it is the Seller's legal obligation to disclose......not the Realtor, not the financial institution. A buyer's due diligence could be made much more easy with a lava zone disclosure form.