@Kay SworDid you get a seller's disclosure notice from the Seller?

I once had a $60K non-disclosure, before I was as experienced as we are now, that you would think the realtor and broker would help with the battle but no help was provided. 

If I determine the seller cannot be trusted to tell the truth in any fashion whatsoever, I would have absolutely no faith in disclosures and the like. 

We process the loan, give disclosures and again, it's clear the loan is arranged by a broker.But there are many cases where there may have been a broker involved, parts of what a broker does wasn't done, or in some cases, there are marginal claims that "oh - yeah, Bill was the broker."

Homes built long ago when the year is not easily obtained simply list them on an MLS and in disclosures as 100+ years old or 80+ years old.

As far as I can tell, while Fannie, Freddie's, and HUD all have 'disclosure requirements' for realtors looking to purchase properties they do not globally restrict realtors as buyers.

Just like your doing today. .What Will is doing is perfectly legal as long as a broker arranges the deal and use's the disclosure forms provided by the DRE to the investors.

Do you know what disclosures have to be asked for etc., understand the financing contracts that will be used, and the various things involved?

If you get involved with a property and you were the lender and the project fails or falls shortyou can lose out being blamed for the failure, not to mention preditory practices.If you loan on residential properties you'll need to provide loan cost disclosures as well as the APR.

Disclosure is a simple and plain statement on the truth on your business operations.