1. A copy of the RECORDED Deed of Trust
2. A copy of the Note
3. A copy of the RECORDED Assignments, if applicable
4. Breakdown of the Arrearages, i.e. date the delinquency started, monthly payments, monthly late charges, and any other costs that may have been paid, i.e. taxes, insurance, property inspections, etc.

The only method of foreclosure in Wisconsin is judicial.

Wisconsin has requirements regarding the redemption period which must be addressed prior to filing the Complaint. If the Mortgage has a provision/waiver of deficiency, the lender/client must decide to either (1) Take a six (6) month redemption period after judgement with no right to deficiency and rents during that period (other requirements apply) or (2) Take a one (1) year redemption period after judgement with rights to deficiency and rents during that period (must appoint a receiver).

The other main peculiarity in Wisconsin is the placement of the redemption period. While generally, this is post-sale, in Wisconsin the redemption period begins once judgment is entered. Then a sale may not be set until either the six months or one year has passed. Once redemption expires, a Sheriff’s sale is set, and a Notice of Sale is published for six weeks. Once the sale occurs and is confirmed by the court, no further redemption period exists and a deed may be immediately issued.

Foreclosure
General Time Frame 7 months
Post – Sale Redemption 6 months, or 1 year, redemption period is pre-sale
Postponement Allowed ????
FNMA Fee $1,100
FHLMC Fee $1,000/$500 if done non- judicially
FHA Fee $1,150
VA Fees Adjusted Accordingly
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Important Notice
Kleinsmith & Associates, P.C. operates within Fannie Mae fee schedules and timelines and will provide the same coverage as a “FNMA Network Certified” law firm. Should any loss or damage occur as a result of a mistake by our firm during the foreclosure process, which we cannot rectify, Kleinsmith & Associates, P.C. will indemnify the servicer against any loss or damage.