Anyone who attempts to stray from these customary applications of non-recourse debt, say, between a less sophisticated lender (even if they are given 100 pages of disclosures) and an investor who was the party that drafted the and concieved the loan, will likely be be in a very bad light with any judge if the lender takes them to court.

I have closed hundreds for myself using a notary, but I also had to do the HUD-1, IRS reporting forms, disclosures are still required and notices with recordings.

So I posed those questions to a listing agent who handles a number of REOs with septic.Reports are unlikely; banks avoid disclosures.

I am familiar with seller disclosure etc..The property is pretty well overgrown, nothing ridiculous, nice and lush in the summer though :).This scares the snot of me.The positives are the area(secure safe neighborhood, close to highways, quality shopping, good schools etc..), the size of the property and lot and the fact that up until it was vacated it was maintained perfectly.There is a serious profit to be made.

Doing anything without disclosure is questionable if not fraudulent in my opinion.

Unless there are state requirements for disclosure for both sides, only the side applicable to that party needs to be disclosed.

But as Sean H. noted, they are a viable solution for those who want to invest in real estate, but can't do it themselves for whatever reason.Full disclosure: I do some investing on my own as well as work with a turnkey company.

You're probably located in the U.S. but in Canada we have HomeStars.com (full disclosure -I work there) which is a free version of what Angies List does.

Freedom of Information Act FREEDOM OF INFORMATION ACT (FOIA) The Act MCLA 15.231 et seq regulates and sets requirements for the disclosure of public records by public bodies within the state.

Calif is doing double closing here but with full disclosure to all parties involved.