Contracts
The New Jersey Seller's Property Condition Disclosure Statement requires sellers of residential property to disclose:
AThe seller's mortgage balance and interest rate
BKnown defects and conditions that may materially affect the property✓ Correct
CAll offers received on the property
DThe original purchase price paid by the seller
Explanation
New Jersey's Seller's Property Condition Disclosure Statement requires sellers to disclose known material defects and conditions. Failure to disclose can expose the seller to liability.
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