West Palm Beach, FL asked in Real Estate Law for Florida

Q: A bank that owns a property in Florida, selling it thru an auction website, and also is listed in the MLS,

Is there any Florida law that obligates the bank to disclose in the listing any and all Material defects, especially when they were notified of the existence of such Material defects by a certified home inspector. Would they be in violation of the law when they were informed by their own inspector of such defects, but still claimed that they are not aware of any and issued a disclosure stating that they are not aware of any material or non material defects at the property.

Many thanks.

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1 Lawyer Answer
Andy Wayne Williamson
Andy Wayne Williamson
Answered
  • MIramar Beach, FL
  • Licensed in Florida

A: All sellers in Florida must make a sellers disclosure disclosing known defects which materially affect the value of the home.

Your question doesn't seem to give all the details, like did you but this property or you are planning to buy this property.

If you did purchase and discovered these issues post closing you likely have a case. If you did not purchase you have no case.

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