Here is a summary of foreclosure laws and rules for the State of Wisconsin:
- Lenders use either a mortgage or deed of trust.
- Lenders often use a mortgage with a power of sale and foreclose non-judicially.
- The right of redemption is available until the sale is confirmed by the court.
- A deficiency judgment is allowed.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Wisconsin those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
Post new comment