Property Ownership
Wisconsin's 'Marketable Title Act' (Wis. Stat. Chapter 893) provides that:
AAll property titles are marketable after 5 years
BClaims to property interests based on documents recorded more than 30 years ago may be extinguished unless properly preserved by re-recording✓ Correct
CTitle insurance replaces the need for clear title
DOnly mortgage liens survive 30 years
Explanation
Wisconsin's Marketable Title Act extinguishes many stale claims and encumbrances that are based on instruments recorded more than 30 years ago and have not been properly preserved.
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