Wisconsin Statutes 863.13 – No exoneration of encumbered property
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Terms Used In Wisconsin Statutes 863.13
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes real and personal property. See Wisconsin Statutes 990.01
Specifically devised property that is subject to a mortgage or other encumbrance is subject to the rules under s. 854.05.