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Do appraisers have an obligation to reveal home defects to buyers?

April 26, 2017appraisers Buyers defects Home obligation reveal

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Do appraisers have an obligation to reveal home defects to buyers?

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If the buyer is applying for a mortgage that will be insured by the Federal Housing Administration (FHA), the appraiser must survey the physical condition of the home and disclose potential problems to the buyer. No such obligation exists for non-FHA mortgages.