Wisconsin foreclosures up 27 percent in 2007


Wisconsin foreclosure filings are continuing at escalated levels, according to newly released data compiled by ForeclosuresWI.com, which gathers Badger State foreclosure information.

After rising 34 percent in 2006, another 14,733 Wisconsin homes entered the foreclosure process in the first nine months of 2007, which on average equates to 88 foreclosures filed every business day.

Wisconsin foreclosures climbed nearly 27 percent compared 2006, and filings for the month of September 2007 were 30 percent higher than September 2006 (1,778 and1,370, respectively).

However, the month of September was nearly 14 percent lower than August’s record high filings. Nearly double the statewide average increase, Milwaukee County foreclosure filings are 50 percent higher compared to 2006.

See release at http://www.wisbusiness.com/index.iml?Article=107354