I don't think I explained it very well. I am the buyer. The sellers had us sign those agreements. They were our neighbors for 7 years. We trusted them. Now we live in a moneypit and there were defects that they knew about and did not disclose and I think they covered that by having us sign...
In the state of Minnesota, If you buy a home "as is" and the "waiver" box on the Seller's Disclosure Alternatives form is checked, have you pretty much given up the right to challenge the seller on nondisclosure of hidden defects? The home was inspected but some issues hadn't presented yet...