Disclosure Statement - Andersons Real Estate 2025

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A Closing Disclosure is a five-page form that provides final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).
Section 10-702 of the Real Property Article, Annotated Code of Maryland, requires the seller of certain residential real property to furnish to the purchaser either (a) a RESIDENTIAL PROPERTY DISCLAIMER STATEMENT stating that the seller is selling the property as is and makes no representations or warranties as to
The seller must disclose on the TDS such things as additions made without a building permit, easements, encroachments, the existence and functionality of appliances, fill dirt use, zoning problems, and neighborhood noise or nuisance problems.)
Disclosure statements must include any relevant relationships identified through the Providers disclosure process. Disclosures no longer need to be labeled separately as financial and non-financial relationships, although Providers who wish to continue to format disclosure statements this way may do so.
Transfers Between Related Parties Family transactions are frequently exempt, including: Transfers between co-owners. Sales or gifts to spouses or direct family members (e.g., parent to child). Transfers resulting from divorce settlements or property divisions.
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Residential Properties: For most residential transactions, the TDS must comprehensively disclose any material defects or issues. Sellers of single-family homes and multi-unit properties up to four units are typically required to complete the full TDS.
The TDS is a document containing multiple pages. This document conveys important information, including the major defects of a given property. Any information stated on the TDS can affect the buyers decision to move forward with the sale. The document can also be used in court if the buyer sues for non-disclosure.

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