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Short Sales & Foreclosures

Frequently Asked Questions

1. What are foreclosures?
   Foreclosure is the legal process that allows lenders to repossess a property and force the sale, for repayment of debt.
   
   
2. Is there a benefit to buying a foreclosure?
   Since the lenders want to recover their losses quickly, most foreclosed homes (properties) are priced below market value to aid in a quick sale.
   
   
3. Where do I go to find foreclosure properties?
   You can find Keefe's find foreclosure properties here, and sign up to receive All Multiple Listing (MLS) Foreclosures/Short Sales, through this short Foreclosure Form.
   
   
4. I've missed a few mortgage payments, do I have options?
   Yes, please visit the "Avoiding Foreclosure" section.
   
   
5. What is the timelime for the Foreclosure Process?
   Each state is slightly different; here is the Timeline for Wisconsin Foreclosures.
   

Still have questions, contact Keefe Real Estate for assistance.