Wisconsin Foreclosure Timeline and Laws

Wisconsin Foreclosure Process and Procedure

If you default on your mortgage, your lender can institute foreclosure proceedings against you and auction your property at a foreclosure sale.

Foreclosures in Wisconsin are conducted by judicial foreclosure proceeding.

Notice Requirements for Foreclosure in Wisconsin  

Notice of the sheriff’s sale must be published in a newspaper of general circulation in the county where the property is located for six weeks prior to the sale date, and must be posted at the property or at three public places in the town where the property is located at least three weeks prior to the sale date.

Wisconsin Deficiency and Anti-Deficiency Laws

The lender may obtain a deficiency judgment if the property is sold at a public sale for less than the loan amount. The fair market value of the property must be credited first before any deficiency judgment is granted.

Wisconsin Redemption Rights

Wisconsin has a statutory right of redemption allowing the borrower to redeem the property within 12 months after the sale unless the sale has been confirmed by court order.  

Wisconsin Assistance, Special Programs, Government Help, and Law Updates

Foreclosure Programs:

• Wisconsin   Foreclosure Avoidance Counseling -HUD
• The Home Affordable Mortgage Modification Program
• The Home Affordable Refinance Program
• The Home Affordable Foreclosure Alternatives Program
• FHA Secure
• Hope for Homeowners

Foreclosure Lawyer

Wisconsin foreclosure laws are complex. It is recommended that you consult with a foreclosure lawyer who can advise you about options to avoid foreclosure including refinancing, reinstatement, deed in lieu, mortgage modification, short sale or bankruptcy.