

8,246,323
Avoid fraud by disclosing everything to the lender.
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Kevin J. May
Hobe Sound, FL
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Mary Douglas
Red Feather Lakes, CO
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Debe Maxwell, CRS
Charlotte, NC
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Joseph Domino 480-390-...
Scottsdale, AZ
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Kasey & John Boles
Boise, ID
5,562,708
I wouldn't dream of it, Cindy Stys! My first thought would be loan fraud and I really don't look good in orange!
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Kevin J. May
Hobe Sound, FL
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Mary Douglas
Red Feather Lakes, CO
1,114,513
AOS = Agreement of Sale? What's the specific reason that you don't want the lender to see the septic report? That would not fly here (AZ) -- it has to be legally transferred per state law.
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Debe Maxwell, CRS
Charlotte, NC
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Candice A. Donofrio
Fort Mohave, AZ
3,694,862
That won't fly in AZ. NO NO NO. It is a requirement and they must use the proper form.
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Debe Maxwell, CRS
Charlotte, NC
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Joseph Domino 480-390-...
Scottsdale, AZ
6,775,772
Transparency is important, not something you should hide if the lender is interested in this report.
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Bob Crane
Stevens Point, WI
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Debe Maxwell, CRS
Charlotte, NC
1,466,257
Cindy Stys As Roy Kelley said, "Avoid fraud by disclosing everything to the lender".
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Roy Kelley
Gaithersburg, MD
930,805
I would think it would need to be disclosed as the septic is an integral part of the property, which is the bank's collateral. If the septic is not functional, the collateral is rendered defective and the value goes down (at least by the cost of a new septic system, or what it might cost to repair it and that might be up to $35K or more), which might put the loan in technical default if the proper loan to value ratios are not maintained.
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Debe Maxwell, CRS
Charlotte, NC
2,719,273
937,158
Most buyers here verify working septic systems. Any previous septic repairs are usually on file at the health dept. Not all buyers get septic inspections though.
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Debe Maxwell, CRS
Charlotte, NC
3,986,529
This type of inspetion is right in our contracts
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Roy Kelley
Gaithersburg, MD
425,353
I assume you drop off this information so lender won't call or ask for any repairs. Conventional this might work but buyer might be calling his attorney in a year when the tank leaks. Make sure you get every thing signed off
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Debe Maxwell, CRS
Charlotte, NC
5,185,234
I don't know what an 'AOS' is; however, I am a big fan of over disclosure.
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Debe Maxwell, CRS
Charlotte, NC
5,206,187
I believe it should be part of the contract. What's an AOS?
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Roy Kelley
Gaithersburg, MD
1,759,737
Disclose, Disclose, DISCLOSE even to the lender through the contract and addenda.
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Debe Maxwell, CRS
Charlotte, NC
2,260,194
1,875,818
Each one is different & someone 'should' read the listing sheet in which it states that anyway. It's not a good idea to do this.
Ages ago we didn't give them the riders, now the appraiser asks for the riders if he doesn't get them. I think it's a different world out there.
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Debe Maxwell, CRS
Charlotte, NC
1,547,124
We have sewer out here. Sorry, can't help there.
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Nina Hollander, Broker
Charlotte, NC
774,546
An attorney told me that if you receive written direction from the lender to limit the addendums they are given, you are okay as this is coming from the authorized representative of the bank who is producing the funds for the purchase. However, make sure this direction is in writing and made a permanent part of your paperwork on the transaction.
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Debe Maxwell, CRS
Charlotte, NC
809,308
Is it something the lender wants/needs to see? Then is it something that is being kept from the lender intentionally? Then is it fraud? A separate addendum that doesn't go to the lender sounds sketchy to me. I don't like it, wouldn't do it. -Kasey
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Debe Maxwell, CRS
Charlotte, NC
5,585,039
all of our lenders in MA want to see a copy of the Title 5 inspection and certification....
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Debe Maxwell, CRS
Charlotte, NC
1,269,775
Call to your lender each lender is different.....
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Debe Maxwell, CRS
Charlotte, NC
6,058,643
3,074,766
4,322,295
Cindy Stys - now in MA, this is required by the lender so no matter what...
3,988,144
1,153,799
The scale of justice is leaning toward fraud right now. My thought is that this is not recommended!
4,434,277
5,397,606
I don't know what the requirements are where you are, but I don't even know what an AOS is. Inspections are at the discretion of a buyer in my market and don't go on any addendum. We never send inspection reports to lenders.
5,567,173