Foreclosure is a legal process by which a lender takes ownership of the mortgaged property (for example, a home) and sells it to pay a defaulting borrower’s debt.
Have you fallen behind on your property taxes? Are you looking for assistance? In Wisconsin, it is especially concerning if you begin to enter your second year of property tax delinquency. Failing to resolve these delinquent taxes could result in you losing your home. For assistance in developing a plan to help you resolve property tax delinquency issues, please contact Take Root Milwaukee members, Housing Resource Inc. at 414-461-6330, and GreenPath Financial Wellness at 1-877-290-6974.
Property taxes are not the same as other debt. The City of Milwaukee cannot negotiate the tax amounts owed or waive interest or penalty charges and due dates are non-negotiable.
Learn more about Property Tax foreclosure and how to prevent it >>
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