Toryvincent at 20:45, 28 November 2022

2022-11-28T20:45:11Z

Abfields: Created page with "==Search/Exam== *Minimum Search Requirements -- No mandated state minimum search period. Marketable Title Act (Wis. Stat. Sec. 893.33) 40 years for easements and covenants, 3..."

2014-12-15T23:14:43Z

Created page with "==Search/Exam== *Minimum Search Requirements -- No mandated state minimum search period. Marketable Title Act (Wis. Stat. Sec. 893.33) 40 years for easements and covenants, 3..."

New page

==Search/Exam==
*Minimum Search Requirements -- No mandated state minimum search period. Marketable Title Act (Wis. Stat. Sec. 893.33) 40 years for easements and covenants, 30 years for other interests.
*Plant or other search restrictions -- No
*Additional Requirements for REO Searches -- N/A
*Foreclosure Checklist -- N/A
*Special Searches Required (Code, HOA, Utilities)? -- N/A
*Survey Requirements -- Owners – Yes; Loan – No

==UPL==
Attorney involvement may be needed to the extent that drafting of documents is treated as the unauthorized practice of law. Wisconsin Statutes Section 757.30.
==Vesting==
==Witness Requirements==
None required
==Mortgage/Transfer Tax==

*No Mortgage Tax
*Transfer fee at the rate of 30 cents for each $100 of value or fraction See Wis. Stat. Sec. 77.22 et seq.
==Spousal Joinder Requirements/Homestead==

Spousal Joinder is required on refinance and sale of homestead property. Exception joinder of non-titled spouse not required for Purchase Money Mortgage. Wisc. Stat. 706.02(1)(f)

==Power Of Attorney==
==Construction Liens==
==Foreclosure Review==
==Instrument Requirements==
==Who May Serve As Trustee On Deed Of Trust==
Wisconsin uses a mortgage as its customary form of security instrument.
==Time Limitations==
*US Judgment Liens -- 20 years
*State Court Judgment Liens -- 10 years
*Federal Tax Liens -- 10 years (+ 30 days)
*State Tax Liens -- Never expire
*Estate Tax Lien -- 10 years
*State Inheritance Tax Liens --
*Mechanics Liens -- 2 years
*Financing Statements -- 5 years
*Mortgages --
*HOA Liens -- 3 years
*Condominium assessments --
*Child Support Liens –

==Odd Stuff==
* Form filing is file and use (Wis. Stat. Sec. 631.20 ). Rate filing is use and file (Wis. Stat. Sec. 625.13).
*Usury coverage is available: (i) if the loan is made to a corporation or limited liability company; (ii) if the interest rate of the loan is 12% or less; or (iii) if the principal indebtedness of a loan exceeds $150,000.00 and is not secured by a 1-4 family dwelling in which the borrower resides (Wis. Statute Sec. 138.05).

← Older revision		Revision as of 20:45, 28 November 2022
Line 1:		Line 1:
		+	==Wisconsin A to Z Underwriting Guide==
		+
		+	https://uww.wfgnationaltitle.com/images/5/58/WI_A_to_Z_Final_-_8.15.22._update_11.22.22.pdf
		+
	==Search/Exam==		==Search/Exam==
	*Minimum Search Requirements -- No mandated state minimum search period. Marketable Title Act (Wis. Stat. Sec. 893.33) 40 years for easements and covenants, 30 years for other interests.		*Minimum Search Requirements -- No mandated state minimum search period. Marketable Title Act (Wis. Stat. Sec. 893.33) 40 years for easements and covenants, 30 years for other interests.

WI Underwriting Summary - Revision history

Toryvincent at 20:45, 28 November 2022

Abfields: Created page with "==Search/Exam== *Minimum Search Requirements -- No mandated state minimum search period. Marketable Title Act (Wis. Stat. Sec. 893.33) 40 years for easements and covenants, 3..."