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Foreclosure in Wisconsin : Real Estate Advice

  • All189
  • Local Info10
  • Home Buying107
  • Home Selling25
  • Market Conditions7

Activity 174
Rich Moen, Real Estate Pro in Watertown, WI
Fri Feb 27, 2015
Rich Moen answered:
There are currently 84 homes listed in 53212 zip code. As for foreclosures on the public sites without addresses, Dan is absolutely correct, Realty Trac wants your money. Many of the homes they post are only 2 months in the rears on payments and will never go into foreclosure.

If you want to find a home, send me your criteria and I will let you know what is available.
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Dan Tabit, Real Estate Pro in Issaquah, WA
Fri Feb 20, 2015
Dan Tabit answered:
Great question for an attorney. You'll need to figure out who is foreclosing and why, what they want and what type of HOA you have and who is protecting you. This is a legal question and I'd start with your board, but not stop there. Getting an answer from an attorney is the only reliable way to go.
When you are part of an HOA, you are a part owner of all the common areas. This may be a mistake, a formality or some new way the party doing the foreclosing is trying to ensure they can collect.
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Derrick Sly, Home Buyer in Albuquerque, NM
Fri Dec 19, 2014
Derrick Sly answered:
I know there are accountants and attorneys who deal in this kind of thing. Each situation is different. Sometimes there are assets that can be applied towards the loan that you may not have considered otherwise. In any case, it's best to get things taken care of as quickly as possible.
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Dan Tabit, Real Estate Pro in Issaquah, WA
Tue Oct 7, 2014
Dan Tabit answered:
A great local agent can provide this for you. Repossessed homes, also known as REO's (real estate owned) are typically listed by a local agent and can be found on most search sites. Pre-foreclosures that are heading toward auction, are not listed for sale and require cash, have no preview period, don't allow inspections or allow any type of contingency. These homes are either snapped up by investors who have years of experience or get no acceptable bids and eventually become REO's.
One last thing, not all foreclosures are good deals. Some are money pits, some are in need of moderate repairs and others require major. In the worst case, some need to be demolished. Buying at an auction for anyone but the most experienced buyer/investor is real estate speculation. Be very cautious if you go down this track and get all the professional guidance you can.
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Ray Wrobel, Real Estate Pro in Stoddard, WI
Tue Jul 1, 2014
Ray Wrobel answered:
Not a problem. There are a lot of nice homes priced to sell. I would recommend contacting me and I can start searching for you right away. I don't currently have any rental homes, sorry about that. ... more
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Erika Barron, Home Buyer in Milwaukee, WI
Thu Jun 12, 2014
Erika Barron answered:
What is the address.... Thank you
0 votes 1 answer Share Flag
John O Dilli…, Home Buyer in Elkhorn, WI
Tue May 13, 2014
John O Dillivan Jr asked:
Allbusinessxx, Home Buyer in Council Bluffs, IA
Thu Feb 20, 2014
Allbusinessxx answered:
would you send a list of proerties you want to dipose of to
0 votes 9 answers Share Flag
Scott Godzyk, Real Estate Pro in Manchester, NH
Fri Feb 7, 2014
Scott Godzyk answered:
It will depend on a number of factors. Speaking to a cpa and or tax attornney may be needed to see if you qualify for IRS debt forgiveness and if your state has a state tax you may be liable for. ... more
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Linda Zivney, Real Estate Pro in Madison, WI
Wed Dec 18, 2013
Linda Zivney answered:
Great question!
When a property does not sell at the Sheriff's sae, it becomes an REO, Real Estate Owned by the lender.
The lender typically has the property appraised, winterized and hires a Realtor to sell it.
The price is dependent upon the condition of teh property,
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Seth Peterson, Real Estate Pro in Madison, WI
Tue Dec 17, 2013
Seth Peterson answered:
you would be responsible for all liens on the property. you can contact a title company and pay for a title search prior to the auction, so you know all the current liens prior to placing your bid. ... more
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Kvkelly, Home Buyer in Janesville, WI
Fri Nov 8, 2013
Kvkelly answered:
Is this the brown brick home with the new gourmet kitchen and hardwood floors? I am Kelly and my email address is Thank you!
0 votes 4 answers Share Flag
Vickie Lockh…, Real Estate Pro in Porter, WI
Mon Nov 4, 2013
Vickie Lockhart answered:
Hi, There is 1 home that is active at 536 S Blackhawk in Janesville listed for $100,000. The kitchen does not appear to be updated but in good condition. I would be happy to send you the MLS sheet with photos so you can take a look at. Please email me at Thanks, Vickie ... more
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Ashley Krause, Real Estate Pro in Sheboygan, WI
Fri Nov 1, 2013
Ashley Krause answered:
Hi Jamaica,
Which foreclosure property are you interested in seeing? You can call, text or email me at your earliest convenience & I'd be happy to set something up. 920-980-9233 or

Have a great day!
~Ashley Krause
Century 21 Rautmann/Schils
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Annette  Law…, Real Estate Pro in Palm Harbor, FL
Tue Oct 29, 2013
Annette Lawrence answered:
Chris is correct.
The data appearing on Trulia has NO RELATIONSHIP to what a real estate agent enters into the local MLS. Trulia receives data from ListHub. Both ListHub and Trulia, change, remove, substitiue, suspress, replace, modify, and misrepresent information as it suits their business purpose.
Furthermore, this information will now EXIST FOREVER on these sites. Interior images, maybe floor plans, vido tours, all avaialble for anyone who might mean harm. Citizens need to hold real estarte professional repsonsible for not advising the buyer or seller of the residual risks this presents.
Your next step needs to be to go to Google Maps and blur the image of your home. Google Street maps has proven to be the favored resource of rent scams and 'too good to be trule' lease options.
Best of success in getting your Trulia/Realty Trac issue fixed.
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
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