Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network

Trust and Probate Disclosures in Santa Clara and San Mateo Counties

Nov. 8, 2010

 

When you sell or purcahse a trust or probate sale, the disclosures are not the same as in a standard equity sale. The basic premise is that while the trustee or personal representative in the case of a probate does not fill out a Transfer Disclosure Statement or Seller's questionnaire, if that person knows anything about the house it needs to be disclosed.  It can go on a separate addendum but can not be hidden.  This is especially true if that person lived in the home with the person who has died, like a child, or other relative.  There are CAR forms which should be used, The Probate Advisory or the Trust Advisory,  that spell out which disclosures are exempt, and which are not.

 

The trustee or personal representative are exempt from filling out the TDS, Seller's supplemental or questionnaire, They do not have to sign a Natural Hazard Report or provide a Mello Roos Report. They do not need to provide smoke detectors. they do not need to provide the Hazard Booklet.

They do need to provide a Natural Hazard Report, strap the water heater, provide  a lead based paint disclosure, Data Base Disclosure, and FIRPTA.

 

I hope this clears it up and that you do not find anything terrible lurking behind the curtain. Please feel free to contact me if you have any questions.

 

Marcy Moyer

Keller Williams Realty

www.marcymoyer.com

marcy(At)marcymoyer(Dot)com

D.R.E. 01191194

650-619-9285

 

Marcy Moyer Keller Williams Realty Palo Alto, Ca. Specialist in Trust and Probate Sale

User Comments

1. RE: Trust and Probate Disclosures in Santa Clara and San Mateo Counties

Written by: Richard
Nov. 8, 2010

 Great blog, very helpful. I thought that maybe you and your other readers will get a kick out this realtor blog I saw on how NOT to show a home. BLOG: http://forsaleforreal.blogspot.com/

Write a Comment

Your Name:  RealTown Members: Click here to login
Your E-Mail: 
Your Website: 
Subject: 
Your Comment: 
Notifications: 
Privacy: 
Verification: 
To verify that you are a human and not a script, please enter the verification word from the image into the box on the right.
 

Silicon Valley Real Estate

Blog by Marcy Moyer
Palo Alto, California

Up to date information on real estate in Santa Clara and San Mateo Counties

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

RE: Why Do I Need My Own Realtor?
I’m a vast fan already, man. You've done a b...
RE: Don't Go To That New Home Development in Sunnyvale Without An Agent
Incoming light green silk marcello cartier bag ,...
RE: A Plea For More Silicon Valley Listings in December
Incoming light green silk marcello cartier bag ,...