• Scenrio: Stein and O’Neil signed a purchase agreement. Stein filled out the transfer disclosure statement and gave it to O’Neil. O’Neil examined the statement, was satisfied with it, and decided to go ahead with the purchase. Two weeks later, Stein discovers that the roof has started leaking. Since this wasn’t disclosed in the transfer disclosure statement she gave O’Neil, the disclosure statement is no longer accurate. 1. What should the seller do to remedy this situation? 2. Is the buyer obligated to purchase the property? 3. Are there other options to consider to complete the sale?