What is Foreclosure?

Foreclosure is a legal process by which a local government takes title to a property. In Wisconsin this is done when all attempts to collect property taxes on the property have failed. In Milwaukee County, once a property is foreclosed, it is marketed just like any other property -- it is not sold for back taxes alone. Chapter 75 of the Wisconsin State Statutes contains the legal basis for foreclosure. The Statute includes the specific procedure that must be used and describes the owner's rights and the Treasurer's responsibilities. Tax foreclosure is different than lender or mortgage foreclosure. The Sheriff handles sales of properties that have been foreclosed for non-payment of mortgage. For information on Sheriff sales call 414-278-4907 (8 a.m. - 5 p.m. Central Time). If you are faced with tax foreclosure it is a good idea to contact the County Treasurer immediately to discuss the situation. (414-278-4033 8 a.m. - 4 p.m. Central Time).  

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