Legal Question in Real Estate Law in Wisconsin
real estate judgement
My house got foreclosed on and there was a judgement against it from an old friend i owed money. Now i am selling other property i own, can he collect his judgement through the sale of other property, even though its against the house that got foreclosed?
Asked on 5/16/09, 11:25 am
1 Answer from Attorneys
Thomas Olson
David F. Gram & Associates, LLC
Re: real estate judgment
You describe the debt to your friend as a judgment. If it is a judgment then it is a lien on ALL real estate that you own in any county in which the judgment is docketed. In fact the judgment is MORE effective against NON-homestead real estate because there is no homestead exemption to protect it. The foreclosure has no effect on this judgment except as to the specific real estate foreclosed upon.
Answered on 5/18/09, 9:47 am