MLS Listing with disclosure of Preforeclusure status

[Adam Brizuela]

Hello, 

This is my first post in the forum, so please bear with me. 

We have a potential property that is in Preforeclosure, my wife is a Realtor and she did some research and there is not a lot of equity in the mortgage, enough to buy and flip at least, we want to offer the seller to list in the MLS. Does she (my wife the realtor) need to disclose that the property is in Preforeclosure when listing in the MLS?

Thanks, 

Adam