Yep REO pricing is not near what it should be but it will come down eventually. I represented a buyer for an REO recently and while the release of liability documentation that they sent the buyer was quite substantial. It is not that they are released from the disclosure process. However, because they did not occupy the home, they have no clue about the disclosures so they have nothing to disclose. They do submit documentation to the buyer releasing them 100% from any future findings be it mold, any faulty construction, code violations, pretty much EVERYTHING…
