WisBusiness: State foreclosures continue to rise

WisBusiness.com

Wisconsin foreclosure filings continue at escalated levels according to newly released data compiled by ForeclosuresWI.com, a leading provider of Wisconsin foreclosure resources and statistics.

After rising 34 perent in 2006, another 19,122 Wisconsin homes entered the foreclosure process in the first eleven months of 2007, which on average equals 89 foreclosures filed every business day.

Wisconsin foreclosures climbed nearly 29 percent compared 2006, and filings for the month of November 2007 were 31.4 percent higher than November 2006 (2,109 and 1,605, respectively).

Leading the state in the number of filings, Milwaukee County foreclosuresare over 50% higher compared to the first eleven months of 2006 (5,142 vs.3,365, respectively).

See release: http://www.wisbusiness.com/index.iml?Article=112707