In today’s episode, we go right to the news and Tom and Ron are already salty about something they’ve read — something the “journalist” is calling Shadow Banks. Ron takes issue with how deceptive the term is and how they are throwing around the label onto mortgage institutions that don’t necessarily deserve it. Tom chimes in to take the financial journalism to task for how everyone wants to call “first” to claim that Real Estate is in a bubble or headed to catastrophe in a desperate grab for “clicks” on their website — when nothing could be further from the truth (or at least a very long ways away). Tom then introduces us to the concept of “What is a Natural Hazard Disclosure?” along with our guest, Jon Wax of American West N.H.D.. Jon and Tom discuss what the N.H.D. covers and how it can instill confidence by providing information of material facts and helps the buyer sidestep surprises. Jon then briefly discusses the difference between the N.H.D. and the T.D.S. (Transfer Disclosure Statement). After that, Tom and Jon talk about the importance of getting the N.H.D. delivered from the seller to the buyer as soon as possible in order to avoid potential delays in the escrow process. We then discuss Mello Roos fees and how it is the N.H.D. company’s responsibility to report them. Jon also let’s us know about the various things a seller should be looking for when choosing a competent Natural Hazard Disclosure company and how the companies compile all the hazard information they receive. We close up by discussing if there is anything like the N.H.D. in any of the other states. There’s a lot of great, often overlooked information in this episode! We hope you’ll us know what you think in the comments!