Wednesday's story, "Property I.D. sues to get HUD off it's back," incorrectly stated that California and some other states require natural hazard disclosure reports. To clarify, California requires that sellers provide natural hazard disclosures for properties located in areas known to be prone to flooding, fire, earthquake or landslides. The disclosures must be made on standardized forms, which can be prepared by the seller, the seller's agent, or a third-party consultant. For more information on California's natural hazard disclosure requirements, see "Disclosures in Real Property Transactions," published by the California Department of Real Estate....
by Andrew Wetzel | on Mar 22, 2017
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