Category Archives for "Foreclosure"

Mar 02

Slow Foreclosing Lender May Lose Rights

Blog , Foreclosure

We recently came upon a case in which a mortgage borrower had not made a payment in over 15 years.  The lender had taken no action to collect, nor to foreclose its mortgage lien.  When action finally was brought, the borrower asserted that the lender had lost its right to enforce the mortgage. By that […]

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Aug 21

My Land Contract was Foreclosed: Can I Save My Property?

Blog , Chapter 11 Bankruptcy , Chapter 7 Bankruptcy , Foreclosure , General Bankruptcy

My land contract was foreclosed and the redemption period has ended. Can I still save my property? Land contracts are widely used in Wisconsin and provide the seller (usually called the “Vendor”) with various remedies if the Buyer (usually called the “Vendee”) defaults. The remedy most frequently resorted to is strict foreclosure.  In that type […]

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