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OMB Control No.: 3090-0296 Expires: 07/31/2014 Real Property Status Report ATTACHMENT C (Disposition or Encumbrance Request) SF-429-C Federal Grant or Other Identifying Number Assigned by Federal
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How to fill out real property status report

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How to Fill Out a Real Property Status Report:

01
Begin by gathering all relevant information about the property. This includes the property address, owner's name, and any previous transactions or liens associated with the property.
02
Fill out the sections of the real property status report form that require the basic property information. This typically includes details such as the parcel number, lot size, and zoning designation.
03
Provide information about any current or ongoing legal actions related to the property. This could include pending lawsuits, code violations, or disputes with neighbors.
04
Disclose any environmental concerns or hazards associated with the property. This may include information about asbestos, mold, or other contaminants that may affect the property's value or safety.
05
Document any known issues or defects with the property. This can include structural problems, water damage, or any other issues that may impact the property's value.
06
Indicate any outstanding debts or liens on the property. This includes any mortgages, tax liens, or other financial obligations that need to be disclosed.
07
Include any additional information or comments about the property that may be relevant for potential buyers or investors.

Who Needs a Real Property Status Report?

01
Real estate agents: Agents use real property status reports to provide potential buyers with accurate information about a property's current status and any potential risks associated with it.
02
Property buyers: Buyers require real property status reports to assess the true condition and legal standing of a property before making a purchase decision.
03
Lenders and financial institutions: Lenders use real property status reports to evaluate the risk associated with providing financing for a property and to ensure there are no hidden liabilities.
04
Investors: Investors rely on real property status reports to assess the potential return on investment and to identify any potential problems that may affect the property's profitability.
Overall, obtaining and accurately completing a real property status report is essential for anyone involved in the buying, selling, financing, or investing of real estate. It provides a comprehensive and transparent overview of a property's current status and helps interested parties make informed decisions.

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