Larry H. Liebzeit v. Intercity State Bank, FSB

HAMILTON, Circuit Judge.

The principal question in this appeal is whether a mortgage can properly attach a lien to a vendor’s interest in a land contract under Wisconsin law. A secondary issue is whether the lender in this case perfected its lien on the vendor’s interest by recording its mortgage in county land records rather than with the Wisconsin Department of Financial Institutions under Article 9 of the Uniform Commercial Code, Wis. Stat. § 409.501(l)(b). Our answer to both questions is yes, so we affirm the judgments of the bankruptcy and district courts in favor of the lender.

I. Factual…