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COVID-19 Wisconsin Real Estate Law Questions & Answers
1 Answer | Asked in Real Estate Law for Wisconsin on
Q: Best way to buy a house with a child

My son was planning on buying a house but was furloughed due to COVID 19 and isn’t able to get financing. My husband and I are going to purchase the house but our son will make all of the payments. We will eventually transfer the house to him. What is the best way to purchase at this time?... Read more »

Thomas B. Burton
Thomas B. Burton answered on Jul 13, 2020

If you plan to purchase the home and put your name on the mortgage, I would strongly advise you to purchase the home in your own name. It is not a good idea to purchase property and title it in another person's name, as you will be held responsible for the mortgage if the other person quits... Read more »

1 Answer | Asked in Real Estate Law for Wisconsin on
Q: In WI my husband and I were planning to purchase a condo. With COVID 19 we want to back out. Can we get earnest money
Jason Anthony Greller
Jason Anthony Greller answered on Mar 29, 2020

Your rights and obligations under the contract can only be determined after reviewing the entire offer. Generally, a buyer may only use a valid contingency to terminate an offer. Simply deciding that the market conditions are no longer ideal to move forward is not typically a valid reason to... Read more »

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