Wis. Stat. § 703.34

Current through Acts 2023-2024, ch. 272
Section 703.34 - Blanket mortgages and other blanket liens affecting a unit at time of first conveyance

As a condition to the first transfer of title to each unit:

(1) Every mortgage and other lien affecting such unit, including the undivided interest in the common areas and facilities appurtenant to such unit, shall be paid and satisfied of record;
(2) A unit being transferred and an undivided interest in the common areas and facilities appurtenant thereto shall be released by partial release duly recorded; or
(3) A mortgage or other lien shall provide for or be amended to provide for a release of the unit and the undivided interest in the common areas and facilities appurtenant thereto from the lien of a mortgage or other lien upon the payment of a sum certain.

Wis. Stat. § 703.34

1977 c. 407.