What type of judgments should be disclosed in a resale package?

When considering what type of judgments should be disclosed in a resale package, the primary focus is on providing transparency regarding potential liabilities that might affect the property or the buyer's interest in the property. Unsatisfied judgments indicate that there are outstanding debts or obligations associated with the property or the community that have not yet been cleared. This is crucial information for potential buyers, as these judgments can lead to liens or other restrictions that could impact their ownership rights or financial situation.

In contrast, satisfied judgments are typically no longer an issue, as the obligations have been met, and thus do not need to be disclosed. Pending judgments may also not be relevant at the time of disclosure, as they represent situations that are still in process and may not reflect a final determination. The requirement to disclose unsatisfied judgments ensures that buyers are fully informed of any existing financial encumbrances, thereby protecting them from unforeseen complications after a purchase.