AB253,7 3Section 7. 846.101 (2) (c) 2. of the statutes is amended to read:
AB253,5,114 846.101 (2) (c) 2. Upon motion of the mortgagor before judgment is entered, if
5the court finds that the mortgagor is attempting in good faith to sell the mortgaged
6premises and has entered into a listing agreement with a real estate broker licensed
7under ch. 452 to sell the mortgaged premises, upon the expiration of 5 months from
8the date when the judgment is entered. Notice of the time and place of sale shall be
9given under ss. 815.31 and 846.16 (1) and may be given within the 5-month period,
10except that the first printing of the notice shall not be made less than 3 months after
11the date when the judgment is entered.
AB253,8 12Section 8. 846.102 (3) (a) 1. of the statutes is amended to read:
AB253,5,1713 846.102 (3) (a) 1. Hold a sale of the mortgaged premises and have the sale
14confirmed under s. 846.165. Any sale of the mortgaged premises may be held at any
15time after the expiration of 5 weeks from the date when the judgment is entered.
16Notice of the time and place of sale shall be given under ss. 815.31 and 846.16 (1) and
17may be given at any time within the 12-month period.
AB253,9 18Section 9. 846.103 (1) and (2) of the statutes are amended to read:
AB253,6,219 846.103 (1) No foreclosure sale involving real property other than a one-family
20to 4-family residence that is owner-occupied at the commencement of the
21foreclosure action, a farm, a church, or a tax-exempt nonprofit charitable
22organization may be held until the expiration of 6 months from the date when the
23judgment is entered except a sale under sub. (2). Notice of the time and place of sale
24shall be given under ss. 815.31 and 846.16 (1) and may be given within the 6-month

1period, except that the first printing of the notice shall not be made less than 4
2months after the date when the judgment is entered.
AB253,6,21 3(2) If the mortgagor of real property other than a one-family to 4-family
4residence that is owner-occupied at the commencement of the foreclosure action, a
5farm, a church, or a tax-exempt nonprofit charitable organization has agreed in
6writing at the time of the execution of the mortgage to the provisions of this section,
7the plaintiff in a foreclosure action of a mortgage, which mortgage is recorded
8subsequent to May 12, 1978, may elect by express allegation in the complaint to
9waive judgment for any deficiency which that may remain due to the plaintiff after
10sale of the mortgaged premises against every party who is personally liable for the
11debt secured by the mortgage, and to consent that the mortgagor, unless he or she
12abandons the property, may remain in possession of the mortgaged premises and be
13entitled to all rents, issues, and profits therefrom to the date of confirmation of the
14sale by the court. When the plaintiff so elects, judgment shall be entered as provided
15in this chapter, except that no judgment for deficiency may be ordered nor separately
16rendered against any party who is personally liable for the debt secured by the
17mortgage and the sale of the mortgaged premises shall be made upon the expiration
18of 3 months from the date when the judgment is entered. Notice of the time and place
19of sale shall be given under ss. 815.31 and 846.16 (1) and may be given within the
203-month period, except that the first printing of the notice shall not be made less
21than one month after the date when the judgment is entered.
AB253,10 22Section 10. 846.16 (title) of the statutes is amended to read:
AB253,6,23 23846.16 (title) Notice and report of sale; confirmation; transfer .
AB253,11 24Section 11. 846.16 (1) (title) of the statutes is created to read:
AB253,6,2525 846.16 (1) (title) Notice of sale and sale.
AB253,12
1Section 12. 846.16 (1) of the statutes is renumbered 846.16 (1) (a) and
2amended to read:
AB253,7,223 846.16 (1) (a) The sheriff or referee who makes sale of mortgaged premises,
4under a judgment therefor, shall give notice of the time and place of sale in the
5manner provided by law for the sale of real estate upon execution or in such other
6manner as the court shall in the judgment direct; where . The sheriff or referee shall
7include in the notice of sale the street address, if any, of the real estate to be sold and
8the sum of the judgment. If
the department of veterans affairs is also a party in the
9foreclosure action, the judgment shall direct that notice of sale be given by registered
10mail, return receipt requested, to the department at Madison, Wisconsin, at least 3
11weeks prior to the date of sale, but such requirement does not affect any other
12provision as to giving notice of sale. Except as provided in sub. (3) and s. 846.167,
13the sheriff or referee shall, within 10 days thereafter, file with the clerk of the court
14a report of the sale, and shall also immediately after the sale first deduct any fee due
15under s. 77.22 (1); then deposit that fee, a return under s. 77.22 and the deed with
16the clerk of the court for transmittal to the register of deeds; then deduct the costs
17and expenses of the sale, unless the court orders otherwise, and then deposit with
18the clerk of the court the proceeds of the sale ordered by the court. The
Upon the sale
19of the mortgaged premises and upon compliance with its terms, the sheriff or referee
20shall make and execute to the purchaser, the purchaser's assigns, or personal
21representatives a deed of the premises sold that includes each parcel of land sold to
22the purchaser and the purchase price.
AB253,8,6 23(c) 1. Except as provided under subd. 2., the sheriff or referee may not accept
24from the purchaser at such sale as a deposit or down payment upon the same not less
25than $100, in which case such amount shall be so deposited with as a deposit or down

1payment from the purchaser at a sale of mortgaged premises. The sheriff or referee
2shall deliver the amount of the deposit or down payment to
the clerk of the court as
3above provided, in par. (b), and the purchaser shall pay the balance of the sale price
4shall be paid to the clerk by the purchaser at such sale of court upon the confirmation
5thereof of the sale. If the highest bid is less than $100, the whole amount thereof shall
6be so deposited
sheriff or referee shall deliver the entire amount.
AB253,13 7Section 13. 846.16 (1) (c) 3. of the statutes is created to read:
AB253,8,98 846.16 (1) (c) 3. In all cases, the purchaser at the sale of the mortgaged premises
9shall pay the cost of sale.
AB253,14 10Section 14. 846.16 (2) of the statutes is renumbered 846.16 (1) (c) 2. and
11amended to read:
AB253,8,1912 846.16 (1) (c) 2. If the judgment creditor is the purchaser at the sale of the
13mortgaged premises,
the judgment creditor may give his or her the judgment
14creditor's
receipt to the sheriff or referee for any sum not exceeding the judgment
15creditor's judgment and such. The judgment creditor's receipt shall be deemed is
16considered
a down payment, but in every case the purchaser shall pay the cost of sale;
17and if the sum due the creditor
. If the judgment creditor is the purchaser and the
18judgment amount
is less than the purchase price, the judgment creditor shall pay the
19difference to the sheriff or referee at the time of sale.
AB253,15 20Section 15. 846.16 (2m) (title) of the statutes is created to read:
AB253,8,2121 846.16 (2m) (title) Confirmation.
AB253,16 22Section 16. 846.16 (3) of the statutes is renumbered 846.16 (1) (b), and 846.16
23(1) (b) (intro.), as renumbered, is amended to read:
AB253,9,3
1846.16 (1) (b) (intro.) If the mortgaged premises are located in a county having
2a population of 750,000 or more, no
No later than 10 days after the sale of the
3mortgaged premises, the sheriff or referee shall do all of the following:
AB253,17 4Section 17. 846.16 (3m) (title) of the statutes is created to read:
AB253,9,55 846.16 (3m) (title) Transmittal to register of deeds.
AB253,18 6Section 18 . 846.16 (3m) (a) 1. and 2. of the statutes are created to read:
AB253,9,117 846.16 (3m) (a) 1. Deliver the deed to the mortgaged premises received under
8sub. (1) (b), the receipt for submitting a transfer return under s. 77.22, any certificate,
9waiver, or stipulation required under s. 101.122, the amount due under s. 59.43 (2)
10to record the deed and any other document required to record the deed, and the
11transfer fee, if any, to the register of deeds.
AB253,9,1812 2. Notify the register of deeds that the deed to the mortgaged premises received
13under sub. (1) (b), the receipt for submitting a transfer return under s. 77.22, any
14certificate, waiver, or stipulation required under s. 101.122, the amount due under
15s. 59.43 (2) to record the deed and any other document required to record the deed,
16and the transfer fee, if any, are available in the clerk's office. If a register of deeds
17is notified under this subdivision, the register of deeds shall retrieve the documents
18and fees from the clerk of courts within a reasonable period of time.
AB253,19 19Section 19. 846.16 (3m) (b) of the statutes is created to read:
AB253,9,2520 846.16 (3m) (b) Upon confirmation of the sale, the deed executed under sub.
21(1) (a) shall vest in the purchaser, the purchaser's assigns, or personal
22representatives all the right, title, and interest of the mortgagor, the mortgagor's
23heirs, personal representatives, and assigns in and to the premises sold and shall be
24a bar to all claim, right of equity of redemption therein, of and against the parties to
25such action, their heirs, and personal representatives, and against all persons

1claiming under them subsequent to the filing of the notice of the pendency of the
2action in which such judgment was rendered; and the purchaser, the purchaser's
3heirs, or assigns shall be let into the possession of the premises so sold on production
4of such deed or a duly certified copy thereof, and the court may, if necessary, issue a
5writ of assistance to deliver such possession.
AB253,20 6Section 20. 846.16 (4) of the statutes is created to read:
AB253,10,137 846.16 (4) No confirmation of sale; resale. (a) If any of the requirements
8under sub. (2m) are not satisfied and the purchaser is not the judgment creditor, the
9court shall order the purchaser to forfeit the amount of the purchaser's deposit or
10down payment and that amount shall be paid to the parties who would be entitled
11to the proceeds of the sale as ordered by the court. The court shall also order that
12the mortgaged premises be resold. The clerk of court shall destroy the deed executed
13to the defaulting purchaser and it shall be of no effect.
AB253,10,1714 (b) If any of the requirements under sub. (2m) are not satisfied and the
15purchaser is the judgment creditor, the court may order the purchaser to forfeit the
16greater of the purchaser's deposit or $500, and order the purchaser to comply with
17sub. (2) so that the mortgaged property may be sold to the purchaser.
AB253,10,2218 (c) If the court does not confirm the sale of the mortgaged premises for a reason
19other than a failure to satisfy a requirement under sub. (2m), the clerk of court shall
20return the deposit or down payment to the purchaser and order the mortgaged
21premises to be resold. The clerk of court shall destroy the deed received under sub.
22(1) (b) and it shall be of no effect.
AB253,21 23Section 21. 846.167 (title) and (1) of the statutes are repealed.
AB253,22 24Section 22. 846.167 (2) (intro.) of the statutes is renumbered 846.16 (2m)
25(intro.) and amended to read:
AB253,11,3
1846.16 (2m) (intro.) If a sheriff or referee makes a sale of mortgaged premises
2located in a county under a judgment of foreclosure and sale, all of the following
3apply:
AB253,23 4Section 23. 846.167 (2) (a) of the statutes is renumbered 846.16 (2m) (a).
AB253,24 5Section 24. 846.167 (2) (b) of the statutes is renumbered 846.16 (2m) (b), and
6846.16 (2m) (b) 2. a., as renumbered, is amended to read:
AB253,11,87 846.16 (2m) (b) 2. a. The deed to the mortgaged premises delivered under s.
8846.16
sub. (1) (b).
AB253,25 9Section 25. 846.167 (2) (c) of the statutes is renumbered 846.16 (2m) (c).
AB253,26 10Section 26 . 846.167 (3) of the statutes is renumbered 846.16 (3m) (a) (intro.)
11and amended to read:
AB253,11,2012 846.16 (3m) (a) (intro.) Upon the court confirming the sale of mortgaged
13premises located in a county and upon compliance by the purchaser with the terms
14of the sale and the payment of any balance of the sale price to be paid, unless
15otherwise ordered by the court, the clerk of the court shall do one of the following to
16transmit the deed to the mortgaged premises received under s. 846.16, sub. (1) (b)
17the receipt for submitting a transfer return under s. 77.22, any certificate, waiver,
18or stipulation required under s. 101.122, the amount due under s. 59.43 (2) to record
19the deed and any other document required to record the deed, and the transfer fee,
20if any,
to the register of deeds of the county. for recording:
AB253,27 21Section 27. 846.17 of the statutes is repealed.
AB253,28 22Section 28. Initial applicability.
AB253,11,2423 (1) This act first applies to a sale of mortgaged premises held by a sheriff or
24referee that occurs on the effective date of this subsection.
AB253,11,2525 (End)
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