Property Ownership
Wisconsin's Wis. Stat. § 706.10 governs 'after-acquired property' clauses in mortgages, meaning:
AThe buyer acquires additional property rights after closing
BA mortgage may cover property acquired by the mortgagor after the mortgage is executed, if the clause so provides✓ Correct
CThe seller acquires a security interest in the property after sale
DAfter-acquired title relates to adverse possession only
Explanation
An after-acquired property clause in a mortgage allows the lien to attach to additional property acquired by the mortgagor after the mortgage is signed, if the mortgage includes such a provision.
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