Foreclosure is a legal process by which a local government takes title to a property.
This is a last resort when all other efforts at collection of unpaid property taxes have failed. Milwaukee County, unlike other counties in the state, is required to wait one year from the date that taxes become delinquent before filing for foreclosure. Other counties must wait 2 years. In some counties property is sold for the unpaid taxes. In Milwaukee County delinquent properties, once foreclosed, are marketed like any other property and sold for fair market value.