Minimum Bidder Qualification
(2) No 3rd−party bidder may submit a bid at a sale of mortgaged premises unless the 3rd−party bidder meets all of the following qualifications:
(a) The 3rd−party bidder does not own an interest in property in this state against which taxes have been levied that are more than 120 days delinquent.
(b) The 3rd−party bidder is not directly or indirectly owned, managed, or controlled, in whole or in part, by a person that owns an interest in property in this state against which taxes have been levied that are more than 120 days delinquent.
(c) The 3rd−party bidder does not directly or indirectly own, manage, or control, in whole or in part, an entity that owns an interest in property in this state against which taxes have been levied that are more than 120 days delinquent.
(d) No judgment against the 3rd−party bidder related to a violation of a state or local building code with respect to property in this state has been rendered that is unsatisfied.
(e) No judgment against a person that directly or indirectly owns, manages, or controls, in whole or in part, the 3rd−party bidder related to a violation of a state or local building code with respect to property in this state has been rendered that is unsatisfied.
(f) No judgment against an entity directly or indirectly owned, managed, or controlled, in whole or in part, by the 3rd−party bidder related to a violation of a state or local building code with respect to property in this state has been rendered that is unsatisfied.
(g) In submitting a bid at the sale, the 3rd−party bidder is not acting on behalf of or as part of an agreement with a person that does not meet the qualifications described in pars. (a) to (f).
Affidavit Required for Confirmation of Sale; Penalties for False Representations
(a) If a grantee of a deed executed under s. 846.16 (1) (a) is not a party in the foreclosure action or the Federal National Mortgage Association or Federal Home Loan Mortgage Corporation, the court may not confirm the sale until the grantee files the affidavit required under sub. (5).
(b) At any time before the court confirms a sale of mortgaged premises, a party in the foreclosure action or the city, village, town, or county where the mortgaged premises are located may provide to the court testimony or evidence that the affidavit filed by a grantee under sub. (5) contains a false representation.
(c) If the court determines that the affidavit filed by a grantee under sub. (5) contains a false representation, the court may refuse to confirm the sale and may order all of the following:
1. That the grantee shall forfeit the amount of the deposit or down payment delivered to the clerk of court under s. 846.16 (1) (b).
2. That the clerk of court shall pay the amount forfeited under subd. 1. to the parties that would be entitled to the proceeds of the sale as ordered by the court.
3. That the mortgaged premises shall be resold.
4. That the clerk of court shall destroy the deed executed to the purchaser, and that deed is of no effect.
(d) If the court determines that the affidavit filed by a grantee under sub. (5) contains a false representation that was made knowingly, in addition to any of the penalties imposed under par. (c), the court may order the grantee, the individual who signed the affidavit on behalf of the grantee, or both to forfeit up to $1,000 and may bar the grantee, the individual who signed the affidavit on behalf of the grantee, or both from submitting a bid at any sale of mortgaged premises conducted in the county for a period of time not to exceed one year from the date on which the order is entered.
Statute Required Third-party Affidavit
A third-party affidavit form must be completed and submitted with each awarded sale. See the requirements above.
Download Third-party Affidavit Form
Third-party Verification Form
A third-party verification form must be completed and turned in no later than 10:25 a.m. on the date of the sale.
A valid photo ID with current information must be presented with the verification form.
Download Verification Form
Open AllClose All How much is due upon a successful bid?
A minimum payment of 10% down in the form of cash, cashier's check or certified funds is due. The cashier's check or certified check can be made out to Milwaukee County Sheriff's Office or yourself.
When is the balance of the payment bid due?
The State Statute states that the purchaser will have 10 days after the confimation hearing to pay the full bid price.
Where are the Sheriff sales held?
Milwaukee County Safety Building
821 W State Street Room B-12
Milwaukee, WI 53233
When are the properties listed with the Daily Reporter?
Listed properties can be found in the Friday publication of the Daily Reporter.
Does the Sheriff sale include City of Milwaukee tax foreclosure property sales?
No. Information regarding the City of Milwaukee properties can be found at here.
Open AllClose All Who is responsible for legal encumbrances?
Individuals interested in bidding on a property must determine the legal encumbrances associated with the property. They must be paid in addition to the bid price.
What are legal encumbrances?
Legal incumbrances may include but are not limited to: additional mortgages, liens, unpaid utilities, unpaid property taxes and unpaid special assessments.