Can a foreclosure sale be reversed?

Yes, a foreclosure sale can be reversed in Wisconsin. Foreclosure law in Wisconsin requires that a borrower must be given a 120-day redemption period after a foreclosure sale occurs. During this period, the borrower can redeem the property by paying off the foreclosure judgment amount. If the borrower pays off the full amount, the foreclosure sale is reversed and the lender must return title of the property back to the borrower. Moreover, Wisconsin law permits a borrower to ask a court to set aside a foreclosure sale if they can prove all of the following: (1) the mortgage was not in default when the foreclosure began; (2) the foreclosure sale was conducted in violation of the law; or (3) the lender failed to follow the proper procedures for a foreclosure sale. If the court finds in favor of the borrower, the foreclosure sale can be reversed. Ultimately, reversing a foreclosure sale is not an easy task. It can be a complicated and lengthy process that requires the borrower to prove certain elements in court. It is highly recommended that borrowers seek out experienced legal counsel for assistance when attempting to reverse a foreclosure sale.

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