WI
Wisconsin Legislative Bills
2 legislative bills tracked for real estate wholesalers & investors
Medium Risk
Last synced: 1h ago
Share:
AB195Failed / Dead Medium Risk
Revoking a transfer of real property on death, obtaining evidence of the termination of a decedent’s property interests, disbursing deposits after rescission of real property wholesaler contracts, and filing satisfactions of judgment.
Summary
- This bill addresses the process of revoking property transfers upon a person's death, obtaining proof of a decedent's property interests, and outlines the procedures for disbursing deposits after a wholesaler contract is rescinded
- It also includes provisions for filing satisfactions of judgment related to real property
What This Means for Wholesalers
- For real estate wholesalers, this bill may introduce new requirements regarding the handling of deposits when contracts are rescinded, potentially increasing their administrative responsibilities
- Additionally, it could clarify the legal standing of their contracts in the event of a decedent's property interests, impacting how they conduct transactions
other
Share:
SB193Enacted — In Force Medium Risk
Revoking a transfer of real property on death, obtaining evidence of the termination of a decedent’s property interests, disbursing deposits after rescission of real property wholesaler contracts, and filing satisfactions of judgment.
Summary
- This bill addresses the process of revoking property transfers upon a person's death, clarifies how to obtain evidence of a decedent's property interests, and outlines the procedures for disbursing deposits after a wholesaler contract is rescinded
- It also includes provisions for filing satisfactions of judgment related to real property
What This Means for Wholesalers
- For real estate wholesalers, this bill introduces specific guidelines for handling deposits when a wholesaler contract is rescinded, which may affect their financial transactions and obligations
- Wholesalers must be aware of these new procedures to ensure compliance and avoid potential legal issues
other
Share: