Most US state and real estate laws require that home owners who wish to sell their properties fill up a Property Disclosure Form, which informs potential buyers of material facts about the property that is on sale.

What information should be disclosed to the potential buyer? Personal information about the seller such as his age, sexual preference or health status, and his reason/s for moving are not of prime importance. What must be divulged are information concerning the property's structural condition and present legal status. Unnatural deaths and the presence of ghosts may or may not be material facts, but it would be better if these are disclosed too.

The contents of Property Disclosure Forms vary depending on the state it originates from, but these would basically require essential facts such as: the age and area of the property, problems with the property (sewer, septic, molds, etc), and property tax paid annually (among others).

The Property Disclosure Form aims to let the Buyer know the exact status of the home he wishes to purchase. However, as a buyer, don't stop at reading the form, you have to be observant and be free to ask questions. If you notice that some items on the basement are up on boxes and nothing is mentioned in the form about water problems, you should ask if the basement gets (or has gotten) flooded. If the Buyer is unsatisfied with the data on the Property Disclosure Form, he is free to secure the services of home inspectors. It is the duty of the inspector to carefully evaluate the property in question and report his finding to both the buyer and the seller. If he does his work thoroughly, whatever the Seller is trying to hide will come up, sooner or later.

More info on your stop foreclosure information search:

Get Free Foreclosure Advice and Free Refinance Quotes
Get your free on-line foreclosure refinance quote and free advice from foreclosure mitigation specialist in minutes. Compare real offers from top national subprime and hard money lenders... more...

Real Estate Forms - Property Disclosure Form
Most US state and real estate laws require that home owners who wish to sell their properties fill up a Property Disclosure Form, which informs potential buyers of material facts about the property that is on sale. What information should be disclosed to the potential buyer? Personal information ... more...

Make Money Renovating And Flipping Houses
If you are thinking about getting into home renovation and flipping houses, then be aware that certain types of properties are best suited for this purpose. Far too many persons invest in homes that do not earn them a profit. If you are new to home flipping and real estate investing, be cautious ... more...

Change In Capital Gains
If you own a property which you are planning to sell, be sure to consult a tax advisor or get informed about tax law before doing so. Many real estate agents also know the subtleties of property selling and taxation. Several small points can make the difference between having to pay capital gains ... more...

Is There Anyone Who Is Not Worried About The Sub Prime Mortgage Lending Meltdown?
Well according to some so-called facts appearing in a recent New York Times article (by B. Stein), that meltdown is just is not happening. It is all a mass hallucination experienced by a falsely alarmed and grossly misinformed public. The article declares that of the ten-plus trillion dollars in ... more...