Procedures related to a sale of foreclosed property by a sheriff or referee

First, before the court confirms the sale, the purchaser must provide the judgment creditor with any information required for the judgment creditor to complete the real estate transfer return required to record the sheriff's deed. After a sheriff or referee makes a sale of foreclosed property and upon compliance with the terms of the sale, the sheriff or referee executes a deed to the purchaser. This deed is commonly known as a sheriff's deed. Second, no later than ten days after the court confirms the sale, the purchaser must pay to the clerk of court the amount of any transfer fee and the amount of any fees required to record the sheriff's deed and any other documents required to record the deed. Third, no later than ten days after the court confirms the sale, the judgment creditor must deliver to the clerk of court the receipt for submitting a transfer return for the property. If the court confirms the sale, the purchaser complies with the terms of the sale, including paying any balance due on the purchase price, and the above-described conditions are satisfied, the clerk of court must transmit the sheriff's deed to the register of deeds for recording.

Under current law, for foreclosed property located outside of Milwaukee County, if the court confirms the sale and the purchaser complies with all of the terms of the sale, including paying any balance due on the purchase price, the clerk of court delivers the sheriff's deed to the purchaser. There is no requirement under current law that the purchaser deliver the sheriff's deed to the register of deeds for recording.