Property disclosure mandatory if selling 'as is'?

[Henley H.]

We have a home we're preparing to sell- it's essentially a flip that we've had for only a few months. We live in a state that generally requires a property disclosure, however, we would like to avoid it if possible and sell the home 'as is' and request all offers be accompanied with an 'as is' addendum. We've seen banks do this with REO properties in states that typically require a property disclosure. Has anyone else done this and, given that the banks do it with their reo's, can private sellers do the same?