WISCONSIN FORECLOSURE ACTIVITY INCREASES 58 PERCENT IN FIRST QUARTER

State Foreclosure Activity Up 57 Percent From Q1 2008

Monthly Activity Up 28 percent in March, Surges 84 Percent From Year Ago

 

IRVINE, Calif. – April 27, 2009 – Foreclosure filings were reported on 8,910 Wisconsin properties in the first quarter of 2009, a 58 percent increase from the previous quarter ,and 57 percent ahead of the level reported for Q1 2008, according to the latest RealtyTrac® U.S. Foreclosure Market Report.

 

The Badger State reported 3,812 properties with foreclosure filings in March, a 28 percent increase from the previous month and 84 percent above its March 2008 total.

 

“Wisconsin foreclosures are up both in the first quarter and from this time last year,” said James J. Saccacio, chief executive officer of RealtyTrac. “Statistics show that the state lost more than 111,000 jobs during the past year. This, in addition to dismal home sales and falling home prices, is likely driving the rise.”

 

Wisconsin documented the 20th highest raw number of properties receiving foreclosure filings in the first quarter, its foreclosure rate — one in every 287 housing units received a foreclosure filing during the quarter — came in 22nd among the 50 states.

 

Five counties largest contributors to state total for the quarter

Five Wisconsin counties accounted for 55 percent of the state’s overall foreclosure activity during the first quarter. Milwaukee County came in first place, reporting 2,687 properties with foreclosure filings. Dane County was second, reporting 675 properties with foreclosure filings for the quarter. Brown County was behind in third, reporting 654 properties with foreclosure filings. Waukesha County registered the fourth highest total, documenting 495 properties with foreclosure filings. Winnebago County registered the fifth highest total, where 354 properties with foreclosure filings were reported.

 

Waupaca County scores highest rates in the state for first quarter

Waupaca County led the state, with one in every 150 housing units receiving a foreclosure filing — 1.9 times the state average. Milwaukee County came in second, with one in every 153 housing units receiving a foreclosure filing — 1.9 times the state average. Brown County registered the third highest rate, where one in every 157 housing units received a foreclosure filing during the month — 1.8 times the state average.

 

State the contributes 1 percent to nation’s foreclosure total for Q1 2009

Wisconsin accounted for 1 percent of the 803,489 properties with foreclosure filings reported nationwide for the first quarter of 2009. The national total represented a 9 percent increase in activity from the previous quarter and was almost 24 percent ahead of the total reported for Q1 2008. One in every 159 U.S. housing units received a foreclosure filing during the quarter.

 

Report methodology

The RealtyTrac Monthly U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the quarter — broken out by type of filing at the county, state and national level. RealtyTrac’s report incorporates documents filed in all three phases of foreclosure: Default Notice of Default (NOD) and Lis Pendens (LIS); Auction 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). If more than one foreclosure document is filed against a property during the quarter — which is extremely rare — only the most recent filing is counted in the report.

 

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

 

                         Wisconsin Foreclosure Market Data by County – Q1 2009

Properties with Foreclosure Filings

 

County

NOD

LIS

NTS

NFS

REO

Total

1/every X HU (rate)

%Change from Q4 08

%Change from Q1 08

 

 

 

 

 

 

 

 

 

 

United States

156,933

149,852

225,752

80,409

190,543

803,489

159

9.16%

23.63%

Wisconsin

0

4,367

67

2,083

2,393

8,910

287

57.70%

57.09%

 

 

 

 

 

 

 

 

 

 

Adams

0

0

0

0

4

4

4,080

-63.64%

Ashland

0

12

0

0

1

13

724

-40.91%

Barron

0

59

2

33

11

105

223

150.00%

377.27%

Bayfield

0

0

1

0

1

2

6,542

Brown

0

342

1

163

148

654

157

149.62%

110.97%

Buffalo

0

1

0

0

0

1

6,625

Burnett

0

0

5

0

0

5

2,773

150.00%

-81.48%

Calumet

0

17

0

6

9

32

595

128.57%

39.13%

Chippewa

0

65

0

19

15

99

263

11.24%

9800.00%

Clark

0

6

0

10

3

19

763

11.76%

Columbia

0

40

0

41

5

86

294

34.38%

1333.33%

Crawford

0

13

0

0

5

18

503

63.64%

Dane

0

344

2

62

267

675

312

189.70%

105.79%

Dodge

0

108

1

55

38

202

181

94.23%

20.96%

Door

0

0

0

8

0

8

2,786

300.00%

Douglas

0

57

1

0

19

77

280

-9.41%

Dunn

0

1

0

1

0

2

8,734

-33.33%

Eau Claire

0

79

0

39

32

150

276

50.00%

435.71%

Florence

0

0

0

0

0

0

Fond Du Lac

0

52

0

27

6

85

503

304.76%

8400.00%

Forest

0

0

0

0

0

0

-100.00%

Grant

0

0

0

1

0

1

21,208

-66.67%

Green

0

2

0

11

0

13

1,204

550.00%

Green Lake

0

0

1

23

1

25

416

25.00%

66.67%

Iowa

0

0

0

0

1

1

10,648

-75.00%

Iron

0

0

0

0

1

1

6,112

0.00%

Jackson

0

0

0

0

0

0

-100.00%

Jefferson

0

96

0

0

35

131

259

3175.00%

13.91%

Juneau

0

36

1

2

15

54

262

440.00%

Kenosha

0

128

2

0

34

164

411

680.95%

Kewaunee

0

22

0

17

14

53

171

178.95%

783.33%

La Crosse

0

39

0

31

0

70

671

7.69%

6900.00%

Lafayette

0

5

0

0

0

5

1,418

-61.54%

Langlade

0

0

0

0

0

0

Lincoln

0

0

0

1

5

6

2,650

100.00%

Manitowoc

0

48

0

24

20

92

400

39.39%

64.29%

Marathon

0

1

0

0

38

39

1,455

14.71%

-69.53%

Marinette

0

67

1

0

21

89

321

30.88%

Marquette

0

0

0

3

2

5

1,897

150.00%

Menominee

0

0

0

0

0

0

Milwaukee

0

1,025

35

718

909

2,687

153

13.81%

-3.59%

Monroe

0

0

0

0

1

1

18,896

-66.67%

Oconto

0

42

1

0

8

51

445

-25.00%

Oneida

0

0

1

2

1

4

7,292

-20.00%

Outagamie

0

144

0

10

32

186

384

244.44%

15.53%

Ozaukee

0

84

0

0

7

91

392

1037.50%

2933.33%

Pepin

0

0

0

0

0

0

-100.00%

Pierce

0

0

0

8

6

14

1,113

7.69%

133.33%

Polk

0

34

1

34

21

90

270

-37.50%

130.77%

Portage

0

0

0

0

2

2

14,576

-60.00%

Price

0

0

0

1

0

1

10,267

0.00%

Racine

0

77

3

156

58

294

275

30.67%

-36.36%

Richland

0

1

0

0

0

1

8,680

-66.67%

Rock

0

273

0

2

74

349

195

1296.00%

11533.33%

Rusk

0

0

0

0

0

0

-100.00%

Saint Croix

0

1

0

85

109

195

170

7.73%

-1.02%

Sauk

0

84

0

34

27

145

198

18.85%

68.60%

Sawyer

0

1

0

9

0

10

1,555

900.00%

900.00%

Shawano

0

38

0

25

8

71

285

69.05%

294.44%

Sheboygan

0

147

3

57

60

267

187

56.14%

330.65%

Taylor

0

13

0

6

0

19

484

171.43%

Trempealeau

0

19

0

0

7

26

483

85.71%

Vernon

0

7

0

0

4

11

1,244

450.00%

Vilas

0

0

0

1

1

2

12,306

100.00%

Walworth

0

87

1

2

27

117

430

-28.22%

11600.00%

Washburn

0

1

0

4

2

7

1,748

133.33%

Washington

0

118

1

37

30

186

287

588.89%

1760.00%

Waukesha

0

253

1

141

100

495

315

66.11%

98.00%

Waupaca

0

74

1

42

47

164

150

164.52%

105.00%

Waushara

0

0

0

18

0

18

833

-37.93%

-40.00%

Winnebago

0

148

1

114

91

354

201

126.92%

46.28%

Wood

0

56

0

0

10

66

508

106.25%

 

About RealtyTrac Inc.

RealtyTrac (www.realtytrac.com) is the leading online marketplace of foreclosure properties, with more than 1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting more than 3 million unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate.

Cited by thousands of media outlets each quarter — including all the major news networks, leading publications such as The Wall Street Journal, The New York Times, and USA TODAY, RealtyTrac’s foreclosure data also has been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.

###

 

Media Contact:

Michelle Sabolich

Atomic Public Relations

415-402-0230

michelle.sabolich@atomicpr.com

 

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