Lon is selling his home that has a severely damaged foundation. this damage is obvious. The home also has asbestos inside its walls, but this condition cannot be discovered without tearing the walls apart.

Under traditional rules, does Lon have a duty to volunteer information to prospective buyers regarding the obviously damaged foundation?

Can Lon plaster over the damaged foundation in order to hide the damage?

Under modern rules, does Lon have a duty to disclose the asbestos condition to prospective buyers?

Answer rating: 100% (QA)

Under traditional rules of real estate disclosure sellers like Lon are typically obligated to disclo... View the full answer