ForeclosureAlarm.com: Wisconsin foreclosures up significantly in January

January foreclosures second highest on record

Please direct inquiries to: Phil Crawford, 414-915-3833

MADISON, WI – ForeclosureAlarm.com, the only real-time notification system of new foreclosure filings in the state of Wisconsin, today announced Wisconsin foreclosure numbers for January of 2009.

According to the report, foreclosures in January were the second highest on record for the state, far outpacing those in December. In addition, the January numbers continue a trend in foreclosure escalation over the last year with increases in the number of foreclosures in seven of the eight months.

“We are seeing a continued escalation in the number of foreclosures,” notes Phil Crawford, President, ForeclosureAlarm.com . “Foreclosures are no longer simply a sub-prime issue as shown by the significant increases in counties such as Waukesha, Ozaukee, and St. Croix.”

Of the more populated counties, Waukesha and St. Croix had the largest jumps in foreclosure filings, with increases of 59% and 56% respectively when compared with December figures. In addition, Milwaukee County and Dane County saw January increases of 8% and 24% respectively from their numbers in December.

The ForeclosureAlarm.com report is available at http://blog.foreclosurealarm.com

About ForeclosureAlarm.com: ForeclosureAlarm.com provides instant county and zip code specific notifications whenever a pre-foreclosure filing is recorded in Wisconsin and allows users to search for and download data about foreclosure filings based on county, zip code, plaintiff names and event types. ForeclosureAlarm.com was created by Intelligent Solutions LLC, a Madison based software group.