Dear [redacted]a,Econohomes resells foreclosed homes. Econohomes acquires homes subject to all liens and encumbrances, including back property taxes, and resells those homes subject to all liens and encumbrances, including property taxes. Econohomes has resold more than 11,000 homes in this...
manner. Econohomes prices its homes accordingly.Econohomes goes to great lengths to inform all customers of the terms of purchase. This process starts on the landing page for each property. The disclaimer below is prominently placed on each and every property landing page and clearly (in all caps) states that the “buyer is responsible for all liens and encumbrances, including without limitations back taxes and utilities.” Similar language appears multiple times in the purchase contract. Please see the highlighted portions of the attached contract agreement and the highlighted Liens Rider.Finally, in the very first paragraph of the attached contract, the buyer represented they were sophisticated enough to understand the terms of the transaction and that they’d been advised to seek legal counsel to represent them on the transaction.DisclaimerAll information derived from third party sources, including but not limited to property assessments, appraisals, and title reports, if any, is deemed reliable but not guaranteed. ALL BUYERS ARE DEEMED TO HAVE RELIED ENTIRELY ON THEIR OWN INFORMATION JUDGEMENTS AND INSPECTIONS OF THE PROPERTY IN MAKING THEIR DECISION TO PURCHASE THE PROPERTY. Pictures of the property contained herein may not be current and may not accurately reflect the condition of the property at any future date. Buyer should determine the condition of the property by physical inspection prior to purchase.Econohomes offers this property for sale in “AS IS” CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN. Econohomes offers the buyer no representations, warranties or guarantees whatsoever, express or implied, regarding the property’s nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of the property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by Econohomes regarding the property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. BUYER IS RESPONSIBLE FOR ALL LIENS AND ENCUMBRANCES, INCLUDING WITHOUT LIMITATION BACK TAXES AND UTILITIES. Prior to purchasing the property, Buyer should research or have researched any back taxes, outstanding utilities or city or municipal code violations, including condemnations.Buyer acknowledges and verifies that Buyer has carried out the necessary due diligence to purchase the property. All sales are final, and Econohomes will not provide a refund for any reason.For a complete statement of the terms and conditions of any purchase of the property, please review a copy of Econohome’s standard purchase contract.Sincerely,[redacted]
Dear [redacted]a,Econohomes resells foreclosed homes. Econohomes acquires homes subject to all liens and encumbrances, including back property taxes, and resells those homes subject to all liens and encumbrances, including property taxes. Econohomes has resold more than 11,000 homes in this...
manner. Econohomes prices its homes accordingly.Econohomes goes to great lengths to inform all customers of the terms of purchase. This process starts on the landing page for each property. The disclaimer below is prominently placed on each and every property landing page and clearly (in all caps) states that the “buyer is responsible for all liens and encumbrances, including without limitations back taxes and utilities.” Similar language appears multiple times in the purchase contract. Please see the highlighted portions of the attached contract agreement and the highlighted Liens Rider.Finally, in the very first paragraph of the attached contract, the buyer represented they were sophisticated enough to understand the terms of the transaction and that they’d been advised to seek legal counsel to represent them on the transaction.DisclaimerAll information derived from third party sources, including but not limited to property assessments, appraisals, and title reports, if any, is deemed reliable but not guaranteed. ALL BUYERS ARE DEEMED TO HAVE RELIED ENTIRELY ON THEIR OWN INFORMATION JUDGEMENTS AND INSPECTIONS OF THE PROPERTY IN MAKING THEIR DECISION TO PURCHASE THE PROPERTY. Pictures of the property contained herein may not be current and may not accurately reflect the condition of the property at any future date. Buyer should determine the condition of the property by physical inspection prior to purchase.Econohomes offers this property for sale in “AS IS” CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN. Econohomes offers the buyer no representations, warranties or guarantees whatsoever, express or implied, regarding the property’s nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of the property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by Econohomes regarding the property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. BUYER IS RESPONSIBLE FOR ALL LIENS AND ENCUMBRANCES, INCLUDING WITHOUT LIMITATION BACK TAXES AND UTILITIES. Prior to purchasing the property, Buyer should research or have researched any back taxes, outstanding utilities or city or municipal code violations, including condemnations.Buyer acknowledges and verifies that Buyer has carried out the necessary due diligence to purchase the property. All sales are final, and Econohomes will not provide a refund for any reason.For a complete statement of the terms and conditions of any purchase of the property, please review a copy of Econohome’s standard purchase contract.Sincerely,[redacted]