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Updated over 8 years ago,

User Stats

49
Posts
10
Votes
Jonathan Lake
  • Investor
  • New York City, NY
10
Votes |
49
Posts

QUESTION: What is an Attorney/Investors Obligation to Disclose In

Jonathan Lake
  • Investor
  • New York City, NY
Posted

Hello -

What is the obligation of an attorney, who is also an investor in the property he is selling, to disclose that one of the tenants is in-process of being evicted? The two investors/owners, in the property, are a licensed real estate salesperson and an attorney. The attorney is handling the eviction process.  Neither the attorney or the salesperson have disclosed this to the buyer. What has been disclosed is that all tenants are in 1 year leases and they are current.

I welcome ALL feedback and comments. 

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