Tuesday, February 24, 2009

Wisconsin Bill Could Allow Fraud Cases in Fraudlent Home Selling

According to The Chicago Tribune, home buyers who purchased homes under false pretenses could soon sue the home sellers in Wisconsin. A bill being presented today in Wisconsin could reverse a Wisconsin Supreme Court decision last year that barred civil fraud lawsuits stemming from residential home sales. Dissenting Justice Ann Walsh Bradley said the decision made Wisconsin the only state to do so and allowed sellers to "look the buyer in the eye, lie about the condition of the home, and escape legal consequences." The decision limited lawsuits in real estate transactions to claims of breach of contract and false advertising.
The bill restores the ability of ripped off buyers to sue for fraud, which had been common and allows for greater damages. Let's hope the bill passes and other states implement the same consequences for phony home sales.

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