For Sale by Owner Lawyer in Wausau: How to buy a FSBO Property
So, you found your dream home and agreed on a purchase price with the Seller, but it is “For Sale by Owner.” That means there is no realtor to guide you and the seller through the transaction, and you’re probably little nervous about writing up an Offer to Purchase on your own. (If you’re not, you should be!) Our real …
Read More
Attorney Scott Jackman Joins Firm as Partner
Scott Jackman has been practicing law in Wausau for more than 20 years. Most recently, he was the principal in his own firm – Jackman Law Firm, LLC. In October 2017, he merged his real estate and corporate practice into Eaton John Overbey, LLP’s law firm to provide even more comprehensive services to his clients and those of Eaton John Overbey. …
Read More
Wisconsin Rental Agreement Form: Make Sure your Lease Does not Contain Prohibited Provisions
Illegal Provisions May Void Lease Many Wisconsin landlords are not aware that if they have an illegal provision in their Wisconsin rental agreement form, the entire agreement may be unenforceable. In fact, the lease may be unenforceable even if the landlord never tries to enforce the “illegal” provision. The issue was addressed by the Wisconsin Supreme Court in Baierl v. …
Read More
Wausau WI Real Estate Lawyer: Contractual Status of Mortgages Trumps Recording Order
A Wisconsin appellate court ruled in U.S. Bank v. Landa, 2010AP3036, that a loan agreement designating one loan as the “second mortgage” controlled, even though the “second mortgage” was recorded with the register of deeds before the mortgage that was intended to be the “first” mortgage. In that case, Landa bought a home for $210,000. Landa financed the entire purchase …
Read More
Law Offices Wausau: Guarantors Liable for Deficiency in Foreclosure Sale
In Wisconsin, the holder of a mortgage (typically a bank) must wait six months (the “redemption period”) from the date of a foreclosure judgment to hold a foreclosure sale of commercial properties or multifamily residences. This gives the debtor a chance to redeem the property by paying the judgment before the date of the foreclosure sale. When the property is …
Read More