Wisconsin Statutes 779.39 – Foreclosure of lien
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Terms Used In Wisconsin Statutes 779.39
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
The liens and preferences given by ss. 779.35 to 779.38 may be foreclosed in the same manner as mechanics’ liens, and all provisions of these statutes relating to the foreclosure thereof shall apply to the foreclosure of the liens so given, so far as such provisions are applicable.