Wisconsin State has designated county sheriff’s departments to handle processing and sales of foreclosure properties. For Fond du Lac County, the department closed 149 sales in 2005, 212 homes in 2007 and already 192 for 2008 with 26 more in-process. The numbers continues to grow towards the end of the year and more so by next year.
With sales and auctions conducted twice a month, the department is finding it difficult as the numbers of foreclosures continue to grow. Although prospective buyers continue to gather in the City County Government Center where the auctions are conducted, third party bidders seldom attend anymore, which makes their job a lot easier.
On the 26 remaining cases for Fond du Lac for this year, 14 came from just one entity. These foreclosed properties are strategically located along the city’s Main Street but sustained considerable water damage during flooding last June. In each of these cases, banks have exhausted all efforts to work with beleaguered property owners and avoid foreclosures. Attorneys explain that banks go through these procedures to avoid eventually owning these properties. These would incur additional costs from insurance and a host of other problems like maintenance and disposal.
The sheriff’s department is giving 45 days from the foreclosure notice up until the property sale. This provides homeowners time to try and work their problems out with the banks and redeem their foreclosed properties back. Each foreclosure is unique and the department is trying to handle each case with enough focus as possible. Some individuals might also have liens and interests on these properties and their owners so the department is making it a point to inform these people.
Most foreclosure processing turns out well, according to the sheriff’s department, although there are cases where homeowners refuse to leave. The sheriff has no other choice but to send officers to escort these people out with a writ of assistance order. It’s a job they don’t like, but it has to be done.
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