Walk It Through: The Disclosure Statement

A signed statement before the contract, a revision if it turns inaccurate, and a lien filed within four months.

A buyer is about to sign a contract on a single family house.

Two things a person in this spot might do. Picking one shows what the law says about it.

One house sale and one roofing bill. Fraud claims outside the disclosure law, the transfers the law exempts, and how to contest or discharge a lien are not worked through here.

A practice walkthrough, not a prediction of how any real one will go. Legal information, not legal advice.

Words this turns on

Terms with a legal meaning that is narrower than the everyday one. Each links to the definition and the authority behind it.

AgentThe person a power of attorney names to act. The agent signs and dates it with the signature acknowledged, and the date that signature is acknowledged is the date it takes effect as to that agent.