Forfeiture of disclosure agreement

[sim0n]

State: Michigan, USA

Seller Disclosure Act
[url]http://www.legislature.mi.gov/mileg.asp?page=getObject&objName=mcl-Act-92-of-1993&queryid=9129456&highlight=SELLER%20DISCLOSURE[/url]


I'm just wondering, if I enter into an Option to Purchase Agreement, do I foreit my right to acquire a Seller Disclosure Agreement, or any other information or legal advantages?

BTW, the property is residential zoned apartments within a singal house, owned by a private management company. Do I risk any major legal rights by buying from a corporation?

[HomeGuru]

Originally Posted by sim0n

State: Michigan, USA

Seller Disclosure Act
[url]http://www.legislature.mi.gov/mileg.asp?page=getObject&objName=mcl-Act-92-of-1993&queryid=9129456&highlight=SELLER%20DISCLOSURE[/url]


I'm just wondering, if I enter into an Option to Purchase Agreement, do I foreit my right to acquire a Seller Disclosure Agreement, or any other information or legal advantages?

**A: no.
*********

BTW, the property is residential zoned apartments within a singal house, owned by a private management company. Do I risk any major legal rights by buying from a corporation?

**A: no, just make sure that the corporation has the right to sell via corporate resolution etc.

Some title insurance companies in some states will insure this kind of interest in land.

I suggest you try to get title insurance.

[HomeGuru]

Originally Posted by seniorjudge

Some title insurance companies in some states will insure this kind of interest in land.

I suggest you try to get title insurance.

**A: try to get title insurance? Tiltle insurance is a must have and not an option..