Understanding the Foreclosure Process in Minnesota and Wisconsin

What foreclosure is

A foreclosure begins when a homeowner stops making mortgage payments and the lender takes legal steps to recover what is owed by forcing the sale of the home. Homeowners in this situation often have more options than they realize, and the right path depends on their goals, their finances, and the stage of the process.

If you are facing foreclosure, consider talking with a HUD-approved housing counselor and an attorney early. Free or low-cost help is available in both Minnesota and Wisconsin, and the earlier you reach out, the more options you may have.

How foreclosure works in Minnesota

In Minnesota, most foreclosures are completed by advertisement under Minnesota Statutes chapter 580, where the lender follows a schedule of notices and filings set out in the statute. A sheriff's sale is then held, followed by a statutory redemption period. Some Minnesota foreclosures go through the courts instead under chapter 581.

Timelines depend on the specific foreclosure and the notices involved. A housing counselor or attorney can explain the dates that apply to your case.

How foreclosure works in Wisconsin

In Wisconsin, foreclosure is a judicial process under Wisconsin Statutes chapter 846, meaning the lender must file a lawsuit and the court sets the timeline, including any sale or confirmation hearings.

Because timelines and redemption rights depend on the court proceedings, respond to legal documents promptly and talk with an attorney if you are served.

Options to consider

• Contact your mortgage servicer to ask about forbearance, repayment plans, a loan modification, or a short sale.
• Work with a HUD-approved housing counselor, who can help you review your options without charge.
• Consult a lawyer, including the free legal aid programs in your state.
• List the home for sale with a real estate agent if selling is the right choice for you.
• Consider a direct, as-is sale to an investor such as MPJ Home Solutions, or to any buyer who will purchase the property without a traditional listing.
• Take more time to decide if your situation allows it.

Where to turn for help

The resources below are maintained by government agencies and nonprofit organizations. MPJ Home Solutions does not provide licensed counseling, and nothing on this page is an offer to purchase your property.