Wisconsin Foreclosure Rates on the Rise

by Ed on September 2, 2010

Wisconsin foreclosure rates are back on the rise.  After two months in which Wisconsin foreclosure filings were lower than the same time a year ago, filings crept up 1.1% in August.

A preliminary count by Madison-based ForeclosureAlarm.com showed 2,511 filings in courts around the state last month, compared with 2,484 in August of 2009

The August filings jumped 13.7% from 2,208 in July of this year.

In Milwaukee County, foreclosure cases rose to 514 after two consecutive months with fewer than 500, court records show. In August of 2009, there were 558 in Milwaukee County.

In the seven-county southeastern Wisconsin region, foreclosure filings topped 1,000 for the first time since April, at 1,037. Foreclosure filings increased in Kenosha, Ozaukee, Racine, Walworth, Washington and Waukesha counties from August of last year.

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