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Wisconsin redemption period after foreclosure is:

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Question & Answer

Review the question and all answer choices

A

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.

B

6 months to 1 year depending on circumstances

Correct Answer
C

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.

D

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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