WisBusiness: Foreclosure rates remain high


Wisconsin added nearly 2,000 new foreclosures in May, bringing year-to-date foreclosures up to 10,644 and more than 38 percent higher than the first five months of 2007, according to new data from ForeclosuresWI.com.

Foreclosures have more than doubled from 2005 to 2008, with southeastern Wisconsin experiencing a 115 percent increase over the past three years, said Robert Jansen, president of ForeclosuresWI.com.

He said Dane County leads southeastern Wisconsin in year-over-year percentage increase, up 68.6 percent from the first five months of 2007.

Leading the state in the number of 2008 filings, Milwaukee County foreclosures are over 40 percent higher compared to the first five months of 2007 (2,709 vs. 1,932).

See release: http://www.wisbusiness.com/index.iml?Article=128471