Southeastern Wisconsin Foreclosure Filings Fall to 6-Year Low
Milwaukee County is one of seven counties that saw foreclosure filings decrease from January 2012.
The number of foreclosures filings in Southeastern Wisconsin fell to the lowest level in six years, reported the Milwaukee Journal Sentinel. The newspaper reported that there were 720 mortgage foreclosures filings in Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington and Waukesha counties in January. Economists tell the paper that this demonstrates a recovering housing market and economy. In Milwaukee County, foreclosures filings decreased from January 2012 to 355 from 542, or 34.5%. Other counties drops: Looking to buy a home in Shorewood? Check out our Homes for Sale feature.
Bob McBride
4:12 pm on Wednesday, December 19, 2012
It's happening everywhere, Jenny, and it's not always a case of a family being tossed out of their home. Sometimes it's a flipper who got in over their head (see the as-is property above - many of those are of that variety) or people who decided to walk away from the house because they were upside down on their mortgage. Without knowing the circumstances, it's hard to label the situation as … more ›