Thursday, January 21, 2010
I currently am teaching a brief unit on real estate transactions in my Property course, and tonight we are covering disclosure and fraudulent concealment. As luck would have it, a recent article in the Wall Street Journal discusses this exact issue. The article indicates that disclosure issues have taken on added significance in the current housing market because buyers cannot expect increasing home values to help them recover from mistakes made in the initial purchase. Additionally, the article suggests that faulty disclosures may result not just from lying on the part of sellers, but also from the complexity of the disclosure requirements themselves.
[Comments are held for approval, so there will be some delay in posting.]