What does No SPDS or CLUE mean? - Zillow Real Estate Advice

To elaborate on the last answer, SPDS means, "Seller's Property Disclosure Statement". The "CLUE" report is a 5 year insurance claims history.

As a Buyer's Specialist, I don't believe any investor flipping a home should get away with not providing the SPDS. There are questions on it that they most certainly know, especially if they did work to the property. As a buyer, you should not waive the SPDS in the contract. So long as they are not waived, If a seller (actual person or investment group), refuses to fill out the SPDS after in contract, the buyer's agent should send them the Seller's Advisory followed with a cure notice stating they are in breach of contract should they not comply within 3 days of the notice. I usually send the advisory highlighted to the seller upon written offer so they are aware of what they are doing and should rethink it.?

Bank owned properties are a completely different story. Good luck getting SPDS from them.?

The CLUE report can usually be obtained by the buyer if you contact your insurance agent. It's usually not a big concern if the seller will not provide it.?

Source: http://www.zillow.com/advice-thread/What-does-No-SPDS-or-CLUE-mean/478025/

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