Wisconsin redemption period after foreclosure is:
Question & Answer
Review the question and all answer choices
No redemption period
Wisconsin does have a redemption period, unlike some non-judicial foreclosure states. The misconception that Wisconsin has no redemption period likely stems from confusion with states that follow different foreclosure procedures.
6 months to 1 year depending on circumstances
2 years
A fixed 2-year redemption period doesn't exist in Wisconsin. This option might be confused with redemption periods in other states or with different timeframes in foreclosure processes.
30 days
30 days is far too short for Wisconsin's redemption period and might represent a confusion with the right of reinstatement period, which is different from the redemption period after foreclosure.
Why is this correct?
Wisconsin law provides a redemption period between 6 months and 1 year depending on whether the property is residential or commercial, and the type of loan. This variable timeframe makes option B the most accurate answer.
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