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10 Comments on Buyer Beware!!! Wisconsin!
Hi Bill,
I don't know about your area, however I plan to keep watch on the comments you receive.
I wouldn't let that stop you, but boy, that does NOT seem right. I hope their facts are a little off!
Can you post the court's decision for us to look at? 100% Thanks, Chuck Licari
It has to do with setting a limit for the amount awarded if a buyer bring a law suit. I got a post about this today from the WRA here in Wisconsin. The case names and # is: Below v. Norton (2008 WI 77). Sorry I deleted the email or I could have posted it for you. Our state association opposed this, I had pasted this into my browser to read more on it but there is very little there.
So they can sue but the awards are limited??? 100% Thanks, Chuck Licari
WOW! That is scary. I am not familiar with WI, but interested to hear more about this and if there are any other areas that have adopted legislation like this.
I read the WRA responce. Consider the source. The NAR and WRA have a tendency to post their views. They tend to give you a one sided perspective. It is a limit that the supreme court of WI has placed on lawsuits. I do not know what that limit is. If you are interested Google the law key words and look for an article that has a link to the actual documents in the decission. That way you are getting your info first hand with all of the facts. Keep in mind, laws are made to be changed.
Hi Bill: Here is what the WRA posted on this subject, it is about a limit to legal remedies not awards.
We are disappointed in the Wisconsin Supreme Court's decision to limit the legal remedies for homebuyers who fall victim to intentional misrepresentations made by home sellers. Below v. Norton (2008 WI 77) As a result, we fear this divided 4-3 decision will encourage sellers to intentionally provide buyers with inaccurate information during a real estate transaction.
What is your decision Bill, is this going to stop you?
interesting