463 – Exemptions.

§ 463. Exemptions. A property condition disclosure statement shall not
  be  required  in  connection  with  any  of  the  following transfers of
  residential real property:
1. A transfer pursuant to a court order, including,  but  not  limited
  to,  a  transfer order by a probate court during the administration of a
  decedent's estate, a  transfer  pursuant  to  a  writ  of  execution,  a
  transfer  by a trustee in bankruptcy or debtor-in-possession, a transfer
  as a result of the exercise of  the  power  of  eminent  domain,  and  a
  transfer  that  results  from  a  decree  for  specific performance of a
  contract or other agreement between two or more persons;
2. A transfer to mortgagee or an  affiliate  or  agent  thereof  by  a
  mortgagor  by  deed  in  lieu  of  foreclosure or in satisfaction of the
  mortgage debt;
3. A transfer to a beneficiary of a deed of trust;
4. A transfer pursuant to a foreclosure sale that follows a default in
  the satisfaction of an obligation that is secured by a mortgage;
5. A transfer by a sale under a power of sale that follows  a  default
  in the satisfaction of an obligation that is secured by a mortgage;
6. A transfer by a mortgagee, or a beneficiary under a mortgage, or an
  affiliate  or  agent  thereof,  who  has  acquired  the residential real
  property at a sale under a mortgage or who has acquired the  residential
  real property by a deed in lieu of foreclosure;
7.  A transfer by a fiduciary in the course of the administration of a
  descendent's estate, a guardianship, a conservatorship, or a trust;
8. A transfer from one co-owner to one or more other co-owners;
9. A transfer made to the  transferor's  spouse  or  to  one  or  more
  persons in the lineal consanguinity of one or more of the transferors;
10.  A  transfer  between  spouses  or former spouses as a result of a
  decree  of  divorce,  dissolution  of  marriage,  annulment,  or   legal
  separation  or  as a result of property settlement, agreement incidental
  to a decree of divorce, dissolution  of  marriage,  annulment  or  legal
  separation;
11.  A  transfer  to or from the state, a political subdivision of the
  state, or another governmental entity;
12. A  transfer  that  involves  newly  constructed  residential  real
  property that previously had not been inhabited;
13. A transfer by a sheriff; or
14. A transfer pursuant to a partition action.