State has new meth disclosure

Published 5:06 am Sunday, July 6, 2008

The state of Mississippi is taking steps to insure that home buyers know whether or not their house had been used a methamphetamine lab.

The Mississippi Real Estate Commission is requiring that information to be part of the property condition disclosure statement. Commission Chairman Mark Cumbest says adding it to the seller’s disclosure form is the right thing to do. However, Cumbest says the disclosure only applies to sellers using a state licensed real estate agent. Otherwise, home buyers are on their own.

The other new disclosures include informing buyers if any part of the property is designated as a wetlands area, and if the property is located in a public improvement district. That could subject the new owners to additional taxes.

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