Wisconsin Foreclosures Legal Questions

You present a difficult situation. There are a few alternatives. I assume that you have inherited the property as a result of your mother's death. If other factors are appropriate, you could file a chapter 13 bankruptcy and use that as a means to cure the mortgage arrears. You do not indicate whether you plan on moving into the property or plan on selling it or using it as a rental property. Those are critical issues. the value of the home and the mortgage balance are also critical. You might also consider hiring counsel and litigating the foreclosure as a means of obtaining a settlement with the mortgage company. Of course you also would appear to have many civil claims against these persons who defrauded you. And, you could try and file criminal charges, although that does not appear to be too viable at this time.... Read More

Yes, they can. If you own the home 50-50 with your boyfriend, the lien affects your half, not his. Foreclosure isn't an option. How can you sell half a house? But, in the future, if you sell and are due to get proceeds from the sale, your creditor gets all funds due to it before you will see a dime.... Read More

That depends on what you mean by a "public record." Derogatory information on your *credit report* should be deleted after seven years after the last transaction on the account took place - in this case, the foreclosure. If it is a credit report, simply write the credit reporting agency and they have a thirty day window to respond to your complaint or remove the offending information under the federal Fair Credit Reporting Act.... Read More