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Mandated DisclosuresDisclosure ExemptionsMEDIUM

In West Virginia, which transfers are exempt from the property condition disclosure requirement?

Correct Answer

B) Court-ordered transfers, foreclosures, and estate sales

Certain transfers are exempt from disclosure requirements, including court-ordered transfers, foreclosures, transfers by fiduciaries (estates, trusts), government transfers, and transfers between co-owners or family members in some cases.

Answer Options
A
All sales over $300,000
B
Court-ordered transfers, foreclosures, and estate sales
C
Sales of new construction only
D
No exemptions exist

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Related Topics & Key Terms

Related Topics:

fiduciary-transfersforeclosure-salescourt-ordered

Key Terms:

exemptionscourt-orderedforeclosureestateno knowledge
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