Wisconsin Foreclosure Listings

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Tips & Advice to help you make your decision on Wisconsin Foreclosure Listings

Wisconsin foreclosure listings let you check out the properties in the state that are being sold at auction. Where the auction is held depends on the property location, as each of the 72 counties in the state hold their own auctions. Some counties, such as Brown and St. Croix, put the listings up online, while other counties like Washington and Florence offer printed lists at the county offices.

The properties on the foreclosure listing can include commercial or residential properties; however, not all of these properties are suitable as business investments. You must do your due diligence when considering any of these properties because you can't renege on a bid on a foreclosure listing because you are unable to get title insurance or because you find out something negative about the property after you place your bid.

Once you visually inspect the property, you should have a title search done to ensure that the deed is eligible for title insurance since you will likely be unable to sell the property if it isn't eligible. Guaranty Title Service is a company that serves the entire state. You can also choose to use a smaller location-specific company, such as AIM Title Company, which services Sauk County properties.

Check Business.com for information to help you make the most of Wisconsin foreclosure listings.

Making the Most of Wisconsin Foreclosure Listings

Making the most of Wisconsin foreclosure listings allows you to buy a property well below market value. Foreclosure listings are used both by investors wishing to sell the property for a quick profit and business owners who want to use the property for their business.

Wisconsin real estate appears on a foreclosure list because the owner has missed some mortgage payments and is defaulting on the loan. The lender must file for foreclosure in order to collect on the remaining debt. This gives them the legal right to sell the property and it may then appear on a foreclosure listing. There are three points in the foreclosure process at which you may purchase a property:

The pre-foreclosure stage; the property will be foreclosed if the mortgage debt is not settled within a given amount of time.
The foreclosure auction; most Wisconsin foreclosure properties are sold at public auction because the lender only needs to recover the remaining debt instead of the property's full value.
Real Estate Owned (REO) property; REO property is owned by the lender and may be purchased before or after the auction.

Learn about the laws on foreclosed properties in Wisconsin

Foreclosure laws vary by state and cover issues such as foreclosure notices, sales procedures and deficiency judgments. Most states allow for a judicial foreclosure which involves filing a lawsuit to obtain a court order to foreclose. Generally the property will be auctioned off to the highest bidder after the court declares a foreclosure.
Try: ForeclosuresToGo.com outlines the laws regarding foreclosures in Wisconsin. ForeclosureListings.com offers information on the difference between judicial and non-judicial foreclosures in Wisconsin.

Get more information on foreclosure listings in Wisconsin

Sites that have foreclosure lists often offer current news on foreclosures in Wisconsin. They may also offer other information such as a description of the foreclosure process or a FAQ on foreclosures
Try: TRS Foreclosures has a blog and a FAQ on the foreclosure process in Wisconsin. Foreclosure Deals answers many questions on the different types of foreclosure properties in Wisconsin.

Locate foreclosure listings in Wisconsin online

Many websites allow you to search for foreclosure properties by specific location. These sites may also offer additional services to members such as email alerts and photographs of foreclosure properties.
Try: Mostly Foreclosures offers foreclosures listings in Wisconsin by county with a clickable map of Wisconsin. Foreclosure Warehouse allows you to locate foreclosure properties by county, city and zip code, and offers information about finding foreclosed properties in Wisconsin.

Determine the market value of a property in foreclosure in Wisconsin. The best way to do this is to have it independently appraised by a professional. You will need to make arrangements with the current owner or trustee of the home for the appraiser to visit the property. You should then compare this appraisal to the value given by the party in charge of the sale.