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Stop Foreclosure - Wisconsin |
Wisconsin Foreclosure Law Summary
Most Common Method of Foreclosure: Judicial.
Judicial Foreclosure Procedure: The court enters judgment and orders the sale. The sale cannot take place for one year after judgment, unless the mortgagee waives the right to a deficiency judgment on a property of less than twenty acres, in which case the property can be sold six months after judgment. If the property is abandoned, it can be sold two months after judgment.
Preforeclosure Notice: Given by the sheriff or referee making the sale.
Number of Notices: One.
Amount of Notice Required: If by publication, six weeks. If by posting, three weeks.
Content of Notice: Time and place of sale, and description of the property.
Method of Service: If by publication, once per week for six weeks. If by posting, in three places three weeks prior to the sale.
Right to Cure Default/Reinstate: Can cure by bringing the amount due into the court before judgment and the case will be dismissed. After judgment, can bring amount due into the court and the proceedings will be stayed, but the court may enforce judgment upon subsequent default.
Redemption: Can redeem any time before the sale.
Deficiency: A deficiency judgment is obtainable and must be pled in foreclosure action.
Stop Foreclosure Wisconsin
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