Foreclosure & Alternatives Law

Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Wisconsin?

Yes, a lender can sue a borrower for a deficiency judgment if the amount of the foreclosure sale did not fully satisfy the property loan. However, when determining the amount of money owed to the lender, the buyer is credited with the full fair market value of the property even if the foreclosure sale was completed for less than full market value.