People also ask
Which transfers of property are exempt from a disclosure report?
If foreclosure or bankruptcy brought on by debt triggers the transfer of the property, no disclosure is required. 3. Divorce. If a property is transferred from one spouse to another during a divorce, no disclosure is required.
Is residential property disclosure required for new construction in NC?
A disclosure statement is not required for some transactions, including the sale of a newly constructed dwelling which has never been inhabited and a lease with option to purchase where the lessee already occupies the dwelling.
Is a sellers disclosure required in North Carolina?
North Carolina law requires home sellers to give buyers a disclosure statement, but there are certain things that they don't need to disclose. Sellers also have the option to select \u201cno representation\u201d rather than a clear \u201cyes\u201d or \u201cno\u201d on the disclosure form.
nc property disclosure form