Initiating Foreclosure in Wisconsin - 12/19/09 11:29 PM


Generally, lenders in Wisconsin will send a warning letter or otherwise warn debtors that foreclosure filings may take place. To initiate a Wisconsin foreclosure, the lender must file the correct documents in court. In addition, the lender needs to have a notice of the filing delivered to lien holders, the debtors, and other parties involved. This allows the court to rule ion the foreclosure. The court will determine whether a foreclosure is needed. The court will also determine amount to be paid to the lender in the event of a foreclosure. This amount can include not only default or … (1 comments)

WI Foreclosure Law Summary - 12/19/09 11:23 PM
 
-  Judicial Foreclosure Available: Yes
 
-  Non-Judicial Foreclosure Available: Yes
 
-  Primary Security Instruments: Deed of Trust, Mortgage
 
-  Timeline: Typically 90 days
 
-  Right of Redemption: Yes
 
-  Deficiency Judgments Allowed: Yes
 
In Wisconsin, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.
 
Judicial Foreclosure
 
The judicial process of foreclosure, which involves filing a lawsuit to obtain a court order to foreclose, is used when no power of sale is present in the mortgage or deed … (1 comments)

Log Home Across The Road From Lake Only $244,900 ( Mosinee WI ) - 12/19/09 11:19 PM
One  of a Kind Log Home Set on 3/4 of an Acre Just Across from the Eau Pleine Flowage. Grand Foyer, Light & Bright Living Room with Cathedral Ceiling, Floor to Ceiling Stone Fireplace, & Double French Doors to a Wraparound Deck, Kitchen with Hickory Cabinetry, Large Dining Area with Hickory Floor. Two Bedrooms on the Main Level Share an Adjacent Full Bath. Upper Level Loft with Office/Sitting Area & Spacious Master Suite with Balcony & Full Bath. Main Level Laundry.
   
The Beautiful Lower Level is Completely Finished & Features a Large Family Room with Bar & Built-In TV, … (1 comments)

Healthy Home Tips & Green Alternatives for Homeowners - 12/02/09 04:52 PM
The home buying process is an exciting time, but one that may bring additional responsibilities into your life. Many homes may need renovations or inspections, especially in areas that are susceptible to natural disasters. Having the assistance of an experienced and honest real estate agent will make this process smooth and stress free.
Some older homes may still contain obsolete building materials. Citizens of this great state are striving to move to a green lifestyle, advocating environmentally sustainable methods to be used throughout the state. Building or remodeling your homes with eco-friendly materials can lower utility and water bills, higher real … (0 comments)

Treasury Sets Guidance To Simplifys " Short Sales " - 12/01/09 05:24 PM
The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed "short sales" of homes and other loan modification alternatives to stem a rising tide of foreclosures.
The Home Affordable Foreclosure Alternatives Program provides financial incentives and simplifies the procedures for completing short sales, a growing practice in which a lender agrees to accept the sale price of a home to pay off a mortgage even if the price falls short of the amount owed, according to an announcement on the Treasury's website.
Guidelines address barriers that have often sidelined short sales by setting limits on … (2 comments)

 
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Tim Hagedorn

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