Final answer:
In Hawaii, even if the property is being sold to a family member, the seller is still required to provide a property disclosure form. Anytime a property is being sold, whether it is through distressed or short sale circumstances, the seller is obligated to disclose pertinent information about the property.
Step-by-step explanation:
The statement that is FALSE is option a) Jenson is selling his condominium to his son. He's not required to provide a seller's property disclosure form. In Hawaii, even if the property is being sold to a family member, the seller is still required to provide a property disclosure form. Anytime a property is being sold, whether it is through distressed or short sale circumstances, the seller is obligated to disclose pertinent information about the property.
For example, in option b) Jonah is required to disclose the amount of his mortgage loan when selling the property as a short sale. This is because the mortgage loan impacts the financial aspects of the property and is relevant information for potential buyers.
In option c) Mark, the trustee in a bankruptcy proceeding, is not required to provide a disclosure form when selling a home. This is because the property is being sold as part of a bankruptcy proceeding, which has its own set of rules and disclosures.
In option d) Oahu Bank and Trust is selling a property acquired through foreclosure. The lender is required to provide a seller's property disclosure form, as they now own the property and are responsible for disclosing any known issues or defects.