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If you've ever gone through the process of buying a home in CA you'll see there are already hundreds of pages of "disclosures." Stuff like "if you get a loan y
by gotoeleven 6y ago
If you've ever gone through the process of buying a home in CA you'll see there are already hundreds of pages of "disclosures." Stuff like "if you get a loan you have to repay it" and "sometimes housing prices go down." Im not sure who this is helping. The whole process is certainly larded up enough that there is zero chance any additional disclosures will be noticed.
- beamatronic 6y agoSince it’s a non-recourse state, you really don’t have to pay that mortgage back!
- SilasX 6y agoExactly. When you have "ultra important warnings" for everything, it becomes that much harder to know what you should really care about. Hence the phenomenon of alarm fatigue (or the "boy who cried wolf"): https://en.wikipedia.org/wiki/Alarm_fatigue https://en.wikipedia.org/wiki/Alarm_fatigue
- hirako2000 6y agoAsk for Pdf and use control-f
- sokoloff 6y agoDoesn't this presume you already know what risks are important/what you're looking for? IOW, what do you type after c-f?
- HarryHirsch 6y agoYou have a brain in your head, the risks are always the same: flood, fire, earthquake and unstable hillside.
- renewiltord 6y agoSure and you'll miss a bunch this way.
- edogg 6y agoSuch as?
- renewiltord 6y agoLeaking underground fuel storage near you and stuff like that. Honestly, it's a million dollars. Before I put in an offer, I'd just read the hundred pages.
- deleted 6y ago[deleted]
- edogg 6y agoWhere I live sellers have to disclose underground furnace oil tanks that they know of. We don’t get hundreds of pages of disclosures, maybe 10 pages of documentation such as zoning and covenants and surveys and seller disclosure form.
- renewiltord 6y agoWell, obviously it's superior if you have an executive summary. This thread's context is: * CA * Many pages of disclosures * A recommendation to use C-f in an electronic copy to find the right things That's not going to work. In CA, for instance, you'll receive a disclosure telling you about leaking tanks on your neighbour's property and so on for a mile or so. And no one, literally no one will provide you with an executive summary that they'll stand by. But you know what? It doesn't matter. It's your house. Read what you want. C-f if you want.
- anonAndOn 6y agoThere's also the helpful "Do you know if anybody died in the house" [0] [0]https://www.car.org/-/media/CAR/Documents/Industry-360/PDF/PDFs/Quick-Guides/Quick-Guide--Disclosing-Death-on-a-Property-1025.pdf?la=en&hash=C271994A490D87D0ABD3FD0F6781490D0E3A4100 https://www.car.org/-/media/CAR/Documents/Industry-360/PDF/P...