Frequently Asked Questions

Wisconsin is a judicial foreclosure state, meaning the lender must file a lawsuit in circuit court to foreclose on a property. The process typically takes 6-12 months. After judgment, the homeowner has a redemption period—usually 6 months for standard residential properties, or 3 months if the deficiency is waived. During this time, you can still sell the property to pay off the mortgage.

The redemption period in Wisconsin varies: 6 months for standard residential properties, or 3 months if the lender waives the deficiency judgment. This period begins after the foreclosure judgment and gives homeowners time to sell the property or pay off the debt. Selling during the redemption period can help you avoid a deficiency judgment.

Property taxes in Wisconsin are due January 31st and become delinquent February 1st. Milwaukee County can initiate in rem (tax) foreclosure after 2 years of delinquency. Unlike judicial foreclosure, there is no right of redemption after a tax sale in most cases. Selling your property before tax foreclosure can help you avoid losing your home and any excess equity.

Yes, properties can be sold during probate in Wisconsin. The process typically requires court approval, and the executor must follow specific procedures. We can work with estate representatives to complete a sale even while probate is ongoing. This can help settle the estate faster and avoid ongoing costs like property taxes and maintenance.

A sheriff sale is the public auction of a property after foreclosure judgment. In Wisconsin, sheriff sales are conducted by the county sheriff's office. Once the sale is complete, the redemption period begins. If the property sells for less than the mortgage balance, the lender may pursue a deficiency judgment for the difference. Selling before the sheriff sale can preserve your equity and avoid deficiency claims.

While not required, we strongly recommend consulting a Wisconsin-licensed attorney for foreclosure matters. The legal process is complex, and an attorney can help protect your rights, explain your options, and advise on deficiency judgments. We are not attorneys and do not provide legal advice, but we can work alongside your legal counsel to complete a quick sale.

We can make a cash offer within 24 hours of contacting us. Once you accept, we can close in as little as 9 days—much faster than traditional home sales or the foreclosure timeline. This speed can be crucial when facing imminent sheriff sale or tax foreclosure.

Not necessarily. If your property sells for more than what you owe, you may receive surplus proceeds. In Wisconsin, surplus proceeds from tax sales may belong to the former owner. We'll explain your specific situation and ensure you understand any financial outcome before proceeding.