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Real Estate & Property Law

: The Home Equity Theft Reporter

Wisconsin Appeals Court OKs Debt Recovery Approach For Foreclosing Lender Holding Two Mortgages On Same Property, Despite Waiving Deficiency Rights

By r morris

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The State Bar of Wisconsin News reports:A foreclosing party [in Wisconsin] can cut short a mortgagor?s right to redeem property from 12 months to six if the foreclosing party waives a right to seek a deficiency judgment. When two mortgages exist, foreclosing on one and seeking money damages on the other won?t impact the foreclosing party?s rights to a six-month redemption period.***The District

Full post as published by The Home Equity Theft Reporter on February 26, 2011 (boomark / email).

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