The Wisconsin Supreme Court accepted WBA’s amicus brief in Horizon Bank, N.A. v. Marshalls Point Retreat, LLC and Allen Musikantow. Musikantow is the guarantor for a $4 million mortgage loan made to and defaulted upon by the LLC, and foreclosed upon by the bank. The case addresses whether sec. 865.165, Wis. Stats., or the stipulated judgment signed by the bank, the guarantor, the borrower, and the circuit court, governs the determination of the fair value of the property to be credited against the money judgment against the guarantor. WBA agrees with the bank, and the Wisconsin Court of Appeals decision that the stipulated judgment governs the transaction. Click here to read WBA’s brief.