I’ve never really gotten on the Zombie movie and TV show bandwagon. I think it’s because they’re just so far-fetched, that it’s difficult for me to buy into the premise. When it comes to the reality of the Zombie Property Apocalypse though, it’s a completely different story. You may have read or heard about “Zombie Properties” in the… Continue Reading
It is common in exclusive real estate listing contracts for agents to include provisions regarding "Protected Buyers." Included in many standard Wisconsin listing contracts is a clause that a "Protected Buyer" includes a potential buyer who "negotiates directly with Seller by discussing the potential terms upon which the buyer might acquire an interest in the Property." Subject to… Continue Reading
On September 1, 2010, Wisconsin’s new POA statute, Chapter 244, Wis. Stats., became effective. The new law does not change the validity of existing POA’s, but expanded on and clarified much existing law surrounding POA’s.
It is common that at a foreclosure sale the mortgagee Bank will submit the winning bid at the amount owed on the mortgage of the property at issue. But what if the amount owed is significantly less than the “market value” of the house? Can the court under Wisconsin law refuse to confirm the sale… Continue Reading
Back on March 30th I wrote that homebuyers needed to act fast to meet the then fast approaching expiring deadline for closing on the purchase of a residence. Since then, Congress has acted once again by extending the closing deadline from June 30 to September 30, 2010, for eligible homebuyers. Again, for qualifying purchases in… Continue Reading
The following was posted by Thomas Kertschner of the Journal Sentinel on July 5, 2010: Oak Creek – The Common Council, which was hit by a storm of denunciation after it considered using eminent domain to acquire a 94-year-old farmer’s property, will be asked Tuesday to pay the man’s $9,081 legal bill. The request comes… Continue Reading
My good friend, Ed DeFrance, at Baird, just sent me an article Baird puts out about the new health care law and a new tax which will affect high income filers. It seems that if you have household income over $250,000, starting in 2013, a new Medicare Tax of 3.8% will apply to interest, dividends,… Continue Reading