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CHICAGO TITLE INSURANCE COMPANY SELLERS DISCLOSURE AND BUYERS ACKNOWLEDGMENT OF TRANSFER/CONVEYANCE Herewith respect to property:briefly described as(herein Property), being sold by(herein Seller),
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Sellers disclosure is a document where the seller discloses any known issues or defects with the property being sold. Buyers disclosure is a document where the buyer discloses any known issues or concerns they have about the property they are purchasing.
Sellers are required to file sellers disclosure, while buyers are required to file buyers disclosure.
Sellers and buyers can fill out the disclosure forms by providing accurate and complete information about the property or concerns they may have.
The purpose of sellers and buyers disclosure is to provide transparency and full disclosure about the property being sold, to protect both parties involved in the transaction.
The information that must be reported on the disclosure forms includes any known issues or concerns about the property, such as repairs, renovations, or pest infestations.
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