WISCONSIN FORECLOSURE ACTIVITY DOWN 5 PERCENT IN NOVEMBER

ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

 

Foreclosure Activity Up 171 Percent From a Year Ago

 

IRVINE, Calif. – Dec. 19, 2007 – Wisconsin reported 2,385 foreclosure filings in November, a 5 percent decrease from the previous month, but still a 171 percent increase from November 2006, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1 million properties from nearly 2,500 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

 

Wisconsin’s unemployment rate continues to rise as the state’s foreclosure activity remains grossly elevated compared to last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “However, even with this decline in the state’s economy and with the increased strain of higher utility bills inherent with the colder months, foreclosures are down slightly from one month ago.”

 

Wisconsin ranked 22nd in the country in total foreclosures reported for November. The state’s foreclosure rate of one foreclosure filing for every 1,048 households ranked it 20th among the 50 states.

 

Milwaukee County accounts for nearly half of the state’s activity

Milwaukee County reported the highest foreclosure total in Wisconsin for November, with 1,184 foreclosure filings for the month. Dane County reported the second highest state total, with 231 foreclosure filings. Winnebago County posted the third highest foreclosure total, with 192 foreclosure filings. Racine County had the fourth highest state total, with 144 filings entering some part of the foreclosure pipeline.

 

Milwaukee County posts highest foreclosure rate for November

Milwaukee County tallied the highest foreclosure rate in Wisconsin for November, one foreclosure filing for every 342 households — 3.1 times the state average and 1.8 times the national average. Winnebago County registered the second highest foreclosure rate, one foreclosure filing for every 366 households — 2.9 times the state average and 1.7 times the national average. Waupaca County registered the third highest foreclosure rate, one foreclosure filing for every 446 households — 2.4 times the state.

 

State makes small contribution to national total

Total foreclosure filings in Wisconsin accounted for 1 percent of the 201,950 foreclosure filings reported nationwide in November. The national total represents a 10 percent decrease from the previous month, but is still 68 percent above the total reported for November 2006. The nation’s foreclosure rate decreased to one foreclosure filing for every 617 U.S. households for the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of homes in some stage of foreclosure nationwide, by state and by county. RealtyTrac’s report includes properties in all three phases of foreclosure: Defaults — Notice of Default (NOD) and Lis Pendens (LIS); Auctions — Notice of Trustee Sale and Notice of Foreclosure Sale (NTS and NFS); and Real Estate Owned, or REO properties (that have been foreclosed on and repurchased by a bank).

 

For current news and information regarding foreclosure-related issues and trends, check out our blog at www.ForeclosurePulse.com.

 

 

                  Wisconsin Foreclosure Market by County – November 2007

 

County

NOD

NTS

NFS

LIS

REO

Total Filings

Households per Filing

/National Average

/State Average

 

 

 

United States

35,096

51,696

20,269

48,451

46,438

201,950

617

n/a

n/a

Wisconsin

0

24

401

1,591

369

2,385

1,048

0.59

n/a

 

 

 

 

 

 

 

 

 

Adams

0

0

0

0

0

0

n/a

0.00

0.00

Ashland

0

0

0

0

0

0

n/a

0.00

0.00

Barron

0

0

14

0

0

14

1,642

0.38

0.64

Bayfield

0

0

0

0

0

0

n/a

0.00

0.00

Brown

0

0

9

4

0

13

7,703

0.08

0.14

Buffalo

0

0

0

0

0

0

n/a

0.00

0.00

Burnett

0

0

0

10

1

11

1,244

0.50

0.84

Calumet

0

1

0

20

0

21

868

0.71

1.21

Chippewa

0

0

0

0

0

0

n/a

0.00

0.00

Clark

0

0

0

1

0

1

14,101

0.04

0.07

Columbia

0

0

0

0

0

0

n/a

0.00

0.00

Crawford

0

0

0

0

0

0

n/a

0.00

0.00

Dane

0

0

7

209

15

231

876

0.70

1.20

Dodge

0

0

14

36

3

53

679

0.91

1.54

Door

0

0

0

0

1

1

21,793

0.03

0.05

Douglas

0

0

0

0

0

0

n/a

0.00

0.00

Dunn

0

0

0

0

0

0

n/a

0.00

0.00

Eau Claire

0

0

15

0

1

16

2,545

0.24

0.41

Florence

0

0

0

0

0

0

n/a

0.00

0.00

Fond Du Lac

0

0

0

0

2

2

20,762

0.03

0.05

Forest

0

0

0

0

0

0

n/a

0.00

0.00

Grant

0

0

0

0

0

0

n/a

0.00

0.00

Green

0

0

0

0

0

0

n/a

0.00

0.00

Green Lake

0

0

6

0

0

6

1,704

0.36

0.61

Iowa

0

0

0

1

0

1

10,644

0.06

0.10

Iron

0

0

0

0

0

0

n/a

0.00

0.00

Jackson

0

0

0

0

0

0

n/a

0.00

0.00

Jefferson

0

0

0

19

4

23

1,423

0.43

0.74

Juneau

0

0

0

0

0

0

n/a

0.00

0.00

Kenosha

0

1

1

0

0

2

32,784

0.02

0.03

Kewaunee

0

0

1

0

0

1

8,865

0.07

0.12

La Crosse

0

0

0

1

0

1

46,250

0.01

0.02

Lafayette

0

0

0

0

0

0

n/a

0.00

0.00

Langlade

0

0

0

0

1

1

11,982

0.05

0.09

Lincoln

0

0

0

0

0

0

n/a

0.00

0.00

Manitowoc

0

0

0

33

4

37

981

0.63

1.07

Marathon

0

0

0

22

2

24

2,313

0.27

0.45

Marinette

0

0

1

1

0

2

13,816

0.04

0.08

Marquette

0

1

0

0

0

1

9,372

0.07

0.11

Menominee

0

0

0

0

0

0

n/a

0.00

0.00

Milwaukee

0

6

175

744

259

1,184

342

1.80

3.06

Monroe

0

0

0

0

0

0

n/a

0.00

0.00

Oconto

0

0

0

0

0

0

n/a

0.00

0.00

Oneida

0

0

0

0

0

0

n/a

0.00

0.00

Outagamie

0

1

0

97

19

117

593

1.04

1.77

Ozaukee

0

0

0

0

0

0

n/a

0.00

0.00

Pepin

0

0

0

0

0

0

n/a

0.00

0.00

Pierce

0

1

1

0

0

2

7,624

0.08

0.14

Polk

0

1

11

0

0

12

1,955

0.32

0.54

Portage

0

1

1

0

0

2

14,406

0.04

0.07

Price

0

0

0

0

0

0

n/a

0.00

0.00

Racine

0

1

45

82

16

144

549

1.12

1.91

Richland

0

0

0

0

0

0

n/a

0.00

0.00

Rock

0

3

1

0

1

5

13,329

0.05

0.08

Rusk

0

0

0

0

0

0

n/a

0.00

0.00

Saint Croix

0

1

34

1

3

39

798

0.77

1.31

Sauk

0

0

5

22

2

29

941

0.66

1.11

Sawyer

0

0

0

0

0

0

n/a

0.00

0.00

Shawano

0

0

14

0

0

14

1,395

0.44

0.75

Sheboygan

0

1

14

0

0

15

3,255

0.19

0.32

Taylor

0

0

0

0

0

0

n/a

0.00

0.00

Trempealeau

0

0

0

0

0

0

n/a

0.00

0.00

Vernon

0

0

1

0

0

1

13,136

0.05

0.08

Vilas

0

0

0

0

0

0

n/a

0.00

0.00

Walworth

0

0

0

1

1

2

24,231

0.03

0.04

Washburn

0

0

0

0

0

0

n/a

0.00

0.00

Washington

0

0

8

0

0

8

6,352

0.10

0.16

Waukesha

0

0

2

84

13

99

1,533

0.40

0.68

Waupaca

0

2

15

32

6

55

446

1.38

2.35

Waushara

0

0

2

0

1

3

4,961

0.12

0.21

Winnebago

0

3

4

171

14

192

366

1.69

2.86

Wood

0

0

0

0

0

0

n/a

0.00

0.00

 

About RealtyTrac Inc.

Ranked as the third largest real estate site by MediaMetrix, and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest growing private companies, RealtyTrac Inc. (www.realtytrac.com), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.

 

Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new construction properties, with more than 1.3 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and the Wall Street Journal’s Real Estate Journal. For more information, visit (www.realtytrac.com).

 

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

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