A disclosure which warns a buyer they may be liable for additional tax obligations after the close of escrow is the:
Question & Answer
Review the question and all answer choices
supplemental tax bill disclosure.
The supplemental tax bill disclosure (A) is incorrect because it addresses existing tax obligations based on property reassessment after purchase, not potential future tax liabilities from external factors.
title insurance notice.
The title insurance notice (B) is incorrect because it relates to protecting against defects in title and ownership issues, not tax obligations that might arise after closing.
military airport expansion disclosure.
methamphetamine contamination notice.
The methamphetamine contamination notice (D) is incorrect because it addresses health and safety hazards related to property contamination, not potential tax liabilities.
Why is this correct?
The military airport expansion disclosure (C) is correct because it specifically warns buyers about potential future tax liabilities that may arise if military operations expand near the property, which could increase property taxes or create special assessments after escrow closes.
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