State foreclosures surge in October

WisBusiness.com

Wisconsin foreclosure filings reached record highs in October according to newly released datacompiled by ForeclosuresWI.com, a leading provider of Wisconsin foreclosureresources and statistics.

After rising 34 percent in 2006, another 17,013 Wisconsin homes entered the foreclosure process in the first ten months of 2007, which on average equates to 88 foreclosures filed every business day.

Wisconsin foreclosures climbed over 28 percent compared 2006, and filings for the month of October 2007 were 38 percent higher than October 2006 (2,280 and 1,657,respectively).

Leading the state in the number of filings, Milwaukee County foreclosuresare over 50 percent higher compared to the first ten months of 2006 (4,508 vs. 2,952). See release at http://www.wisbusiness.com/index.iml?Article=109759