> many/most states have laws that the seller/buyer must disclose, not the price the house is sold for, but how much of a loan was issued for the house. As far

> many/most states have laws that the seller/buyer must disclose, not the price the house is sold for, but how much of a loan was issued for the house. As far as I know, this is usually not true. Neither the buyer nor seller must disclose the existence of a loan on the property. For example, many loans are between family members who would prefer to keep them private, and the law allows that. Practically, however, any commercial lender (even a seller who offers financing) will record a mortgage with the county recorder so that he has priority in a foreclosure. The sale price, however, usually is disclosed at least to the county assessor for property tax purposes. The exceptions would be where an heir inherits a property and the value is not reassessed.