Friday, July 9, 2010

Decision in 'Bank Mutual v. S.J. Boyer Construction, Inc.' 2010 WI 74

Guarantors liable for deficiency despite mortgagee’s election for shortened redemption period, by Joe Forward, State Bar of Wisconsin

Wisconsin Supreme Court decision today in this case (2008AP912) reversing the Court of Appeals, 2009 WI App 14, 316 Wis. 2d 266, 762 N.W.2d 826. See Argument.

Opinion by Justice Prosser, joined by Justices Crooks, Roggensack, and Gableman.
Dissent by Chief Justice Abrahamson, joined by Justice Bradley.
Justice Ziegler did not participate.