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A haunted house in New York becomes the center of a legal case known as the Ghostbusters ruling. Spooky encounters, the impact on property value, and the settlement between buyers and sellers are discussed, along with the psychological stigma on real estate.
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Quick takeaways
- The Ghostbusters ruling established that sellers have a duty to disclose known stigmas or risks associated with a property, even if they are paranormal.
- Psychological stigmas, such as a property being haunted, can impact its market value, emphasizing the importance of considering the emotional and psychological aspects in real estate.
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The Haunted House on the Hudson
A house in Nyack, New York, known as one Levetta place, gained notoriety for being haunted. Helen Ackley, the mother of Cynthia Kavanaugh, lived in the house and shared stories of her encounters with ghosts. The house was sold to a young couple, the Stambovskis, who later learned about its haunted reputation. They filed a lawsuit to rescind their purchase, arguing that the ghosts affected the property's value. The case became known as the Ghostbusters ruling, as the court ruled that the house was haunted as a matter of law, due to Helen Ackley's promotion of its paranormal activity. The ruling established that sellers have a duty to disclose known stigmas or risks associated with a property, even if they are paranormal.
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