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We are doing a private sale of our home to a neighbor. he is

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paying cash for the house...
we are doing a private sale of our home to a neighbor. he is paying cash for the house. we are using standard chicago title sales and disclosure forms.
Our house has had foundation issues, all of which have been professionally addressed with a foundation/peering company. We gave full disclosure to the buyers verbally and also in writing about the foundation issues, but the chicago title forms don't allow for much formal space in the documentation (ie, we have structural engineering report, site plan that shows what was done, etc)...there's no place to include that in the disclosure, except to give a 3 line discription of the problem and the solution. That's fine with me, and since the neighbors are aware of the foundation issues, it's probably ok...I am just not sure to include the full documentation in the chicago title forms or just do the summary and not make it a bigger deal than that.
Submitted: 2 years ago.Category: Real Estate Law
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9/9/2015
Real Estate Lawyer: Richard, Lawyer replied 2 years ago
Richard
Richard, Lawyer
Category: Real Estate Law
Satisfied Customers: 56,019
Experience: 32 years of experience as lawyer in Texas. I'm also a Real Estate developer.
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Good afternoon. The best way to deal with this is to reference in the formal space allowed..."Please see the attached Exhibit "A." Then attach the full disclosure that you provided your Buyer, in addition to the engineering report, etc., as Exhibit A. This just protects you from someone later trying to allege that you didn't provide everything; it will present no problem now and it will clearly evidence that full disclosure actually occurred.

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Category: Real Estate Law
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Experience: 32 years of experience as lawyer in Texas. I'm also a Real Estate developer.

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