Title and code violatiin

[Yaniv Kehat]

Hi.

I'm international investor in milwaukee.

I found an interesting property and the seller sell it in as is condition and gives me a warranty deed. 

As is means only physical property or also legal stuff?

Does title clean code violation?

Thanks...

[Bernie Neyer]

Not familiar with Wisconsin statutes, but "as is where is" means there is no recourse for monetary damages should you later find problems with the premises, and the seller will not repair any issues you find with your inspection.

For a normal sale, depending on the sales contract, there may be monetary limits for repairs the seller will endure in order to sell the property. In my sales I usually state the repairs will not exceed $1000. In some contracts it may be totally up to the seller to repair the issue or void the contract.

 The seller is suppose to disclose any "known" problems with the premises. If a problem is discovered by a previous buyer that then voided the contract, the seller is suppose to disclose the problem. It is always best to require a seller's disclosure of problems. If later you discover there is a problem they are aware of, but failed to disclose, even if the sale is "as is where is" you can seek damages.

In Kansas, unless the contract indicates otherwise, all sales are "as is where is." The reason for this is the state wants to stay out of civil litigation and not inadvertently cause more of it.