Updated about 10 years ago on . Most recent reply
Milwaukee Sheriff Auction
Has anyone bought a property from the Milwaukee Sheriff auction? If so can you briefly explain the process.
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Yes I have bought one a few years ago. You find a property and complete your due diligence. you show up at the court house with 10%of what you plan to bid in cash or cashiers check. First bid can be $1 over the banks bid then goes by min of $100. If you win the judge confirms the sale about a month later and you go back to the courthouse to pay the balance. There are a lot of deals there right now because the banks are selling them on the MLS for $20K to $50 above the auction price. there are reasons like taxes and trash outs why the price is higher.