Contracts
In New Mexico, the NM Seller's Property Disclosure Statement requires the seller to disclose:
AOnly defects discovered in the last 12 months
BKnown material defects that would affect the value or desirability of the property✓ Correct
CSpeculative future defects
DOnly structural defects
Explanation
The NM Seller's Property Disclosure Statement requires sellers to disclose known material defects—conditions that would significantly affect the value or desirability of the property.
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