846.16 Notice of sale; sale; confirmation; transfer.

346 words·~2 min read·/wi/chapter-846/846-16-2

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Notice of sale.

(a)Notice of in-person sale. Except as provided in par.

(bm), the sheriff or referee who makes sale of mortgaged premises, under a judgment therefor, shall give notice of the time and place of sale as provided under s. 815.31 or in such other manner as the court shall in the judgment direct. The sheriff or referee shall include in the notice of sale the street address, if any, of the real estate to be sold and the sum of the judgment.

(bm)Notice of Internet-based sale. If a sale is conducted under sub.

(b), the sheriff or referee who makes sale of mortgaged premises shall give notice of the time and place of sale as provided under par.

(a), except as follows:

1. Section 815.31

(1)does not apply to the sale. The sheriff or referee shall publicly advertise the time and place of holding the sale by posting, at least 3 weeks prior to the date of the sale, a written notice describing the mortgaged premises to be sold with reasonable certainty in one public place in the city, village, or town where the mortgaged premises are located and, if the county where the mortgaged premises are located maintains an Internet site, on that Internet site. If the city, village, or town where the mortgaged premises are located maintains an Internet site, the city, village, or town may post the notice on that Internet site.

2. The notice also shall include all of the following information:

a. A statement that the sale will be conducted using an Internet-based auction.

b. The address of the Internet site where the Internet-based auction will be conducted.

c. The time period during which bids for the mortgaged premises may be submitted.

d. Instructions on how the general public may observe the Internet-based auction and on how a person may participate in the auction, including any prerequisites to participation that may apply, or the address of an Internet site where those instructions are posted.