Good news for new homebuyers in Wisconsin. If you can prove a seller purposefully hid a material adverse fact, you can now sue for damages.
You can always perform your due diligence… you carefully go through the home looking for defects, you hire a home inspector to look for defects… but there are times when something still falls through the cracks (sometimes literally). This bill will help if it happens to you…
From WEAU-TV Eau Claire–
Gov. Jim Doyle has signed into law a bill that allows home buyers who believe a seller has lied to sue for fraud to recover damages.
The law change Doyle signed Wednesday reverses a state Supreme Court ruling from last year that said such lawsuits were not allowed.
The proposal sailed through the Legislature with bipartisan support. It was backed by the Wisconsin Realtors Association, a group representing trial lawyers and the state Home Inspectors Association.
Bill sponsor Sen. Jon Erpenbach, D-Waunakee, said it is difficult to prove fraud, but in cases where it exists home buyers should have that as a remedy.
He says home buyers should have the peace of mind to know that if the seller lied about the condition of a house, there is a remedy.
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My name is Adam Holberg and I’m a Realtor with First Weber of Wisconsin Rapids. This website is designed to inform and help bring conversation to a topic I love, real estate.