Mitchell Bank v. Schanke
Wisconsin Supreme Court
1Opinion of the CourtJon E Wilcox, J.
¶ 1. This case involves two consolidated actions: a foreclosure action and a declaratory judgment action. The parties dispute the validity of a mortgage Mitchell State Street Bank, now known as Mitchell Bank (the Bank), has on certain lands in Genesee, Wisconsin, of which Thomas Schanke (Schanke) owns an undivided one-half interest. Schanke purchased his interest following a previous successful action against Dr. Alfred Waltke (Waltke) to collect on an outstanding debt. Waltke's wife owns the other undivided one-half interest in the disputed property.
¶ 2. On March 7, 2000, Schanke, naming the…
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