Legal Question in Real Estate Law in Oregon
In an REO auction are either the bank or auctioneer legally obligated to disclose the fact that the house being auction off is full of asbestos?
Asked on 7/15/10, 8:14 am
1 Answer from Attorneys
Susan Burns
Law Office of Susan Ford Burns
No. In a foreclosure auction the property is always sold as is . It is up to the buyer to make a close examination of the property. In most foreclosures the lender has no idea what condition the property is in.
Answered on 7/15/10, 10:23 pm
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