WISCONSIN FORECLOSURE ACTIVITY UP 21 PERCENT IN JANUARY

Foreclosure Activity Up 58 Percent From January 2007

 

IRVINE, Calif. – Feb. 26, 2008 – Wisconsin reported 2,102 foreclosure filings in January, a 21 percent increase from the previous month, and a 58 percent increase from January 2007, 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 elevated,” said James J. Saccacio, chief executive officer of RealtyTrac. “Residents are also likely feeling the strain of higher utility bills inherent with the colder months.”

 

Wisconsin ranked 22nd in the country in total foreclosures reported for January. The state’s foreclosure rate of one foreclosure filing for every 1,189 households ranked it 26th among the 50 states.

 

Milwaukee County accounts for half of state’s foreclosure activity

Milwaukee County led the state in total foreclosure filings in Wisconsin for the month, reporting 1,038 foreclosure filings in January. Racine County posted the second highest foreclosure total, reporting 184 foreclosure filings. Brown County posted the third highest foreclosure total, with 136 foreclosure filings for the month.

 

Saint Croix County posts highest foreclosure rate

Saint Croix County posted the highest foreclosure rate in Wisconsin for January, one foreclosure filing for every 335 households — 3.6 times the state average. Milwaukee County registered the second highest foreclosure rate, one foreclosure filing for every 390 households — 3.1 times the state average. Racine County posted the third highest foreclosure rate, one foreclosure filing for every 430 households — 2.8 times the state average.

 

State a minor contributor to nation’s total in January

Total foreclosure filings in Wisconsin accounted for less than 1 percent of the 223,001 foreclosure filings reported nationwide in January. The national total represents an 8 percent increase from the previous month, and is 57 percent above the total reported for January 2007. The nation’s foreclosure rate increased to one foreclosure filing for every 534 U.S. households for the month.

 

The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings — both nationwide and by state — over the preceding month. 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 – January 2008

 

County

NOD

NTS

NFS

LIS

REO

Total

Households per filing

/National Average

/State Average

 

 

 

 

 

 

 

 

 

 

United States

52,321

60,101

19,662

55,590

45,327

233,001

534

n/a

n/a

Wisconsin

0

5

520

1,012

565

2,102

1,189

0.45

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

5

0

0

5

4,598

0.12

0.26

Bayfield

0

0

0

0

0

0

 n/a

0.00

0.00

Brown

0

0

73

1

62

136

736

0.73

1.61

Buffalo

0

0

0

0

0

0

 n/a

0.00

0.00

Burnett

0

0

0

8

2

10

1,369

0.39

0.87

Calumet

0

0

0

6

2

8

2,277

0.23

0.52

Chippewa

0

0

0

0

0

0

 n/a

0.00

0.00

Clark

0

0

0

0

0

0

 n/a

0.00

0.00

Columbia

0

0

0

1

0

1

24,590

0.02

0.05

Crawford

0

0

0

0

0

0

 n/a

0.00

0.00

Dane

0

0

14

101

12

127

1,594

0.34

0.75

Dodge

0

0

25

32

6

63

571

0.94

2.08

Door

0

0

0

0

0

0

 n/a

0.00

0.00

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

5

0

0

5

8,143

0.07

0.15

Florence

0

0

0

0

0

0

 n/a

0.00

0.00

Fond Du Lac

0

0

0

1

0

1

41,523

0.01

0.03

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

5

1

0

6

1,704

0.31

0.70

Iowa

0

0

0

0

0

0

 n/a

0.00

0.00

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

3

36

5

44

744

0.72

1.60

Juneau

0

0

0

0

0

0

 n/a

0.00

0.00

Kenosha

0

0

0

0

0

0

 n/a

0.00

0.00

Kewaunee

0

0

0

0

0

0

 n/a

0.00

0.00

La Crosse

0

0

0

0

0

0

 n/a

0.00

0.00

Lafayette

0

0

0

0

0

0

 n/a

0.00

0.00

Langlade

0

0

0

0

0

0

 n/a

0.00

0.00

Lincoln

0

0

0

0

0

0

 n/a

0.00

0.00

Manitowoc

0

0

0

20

1

21

1,728

0.31

0.69

Marathon

0

0

0

25

5

30

1,850

0.29

0.64

Marinette

0

0

0

0

0

0

 n/a

0.00

0.00

Marquette

0

0

0

0

0

0

 n/a

0.00

0.00

Menominee

0

0

0

0

0

0

 n/a

0.00

0.00

Milwaukee

0

0

152

535

351

1,038

390

1.37

3.05

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

0

0

41

6

47

1,477

0.36

0.80

Ozaukee

0

0

0

1

0

1

34,556

0.02

0.03

Pepin

0

0

0

0

0

0

 n/a

0.00

0.00

Pierce

0

0

1

0

0

1

15,248

0.04

0.08

Polk

0

0

15

0

0

15

1,564

0.34

0.76

Portage

0

0

0

0

0

0

 n/a

0.00

0.00

Price

0

0

0

0

0

0

 n/a

0.00

0.00

Racine

0

0

60

98

26

184

430

1.24

2.76

Richland

0

0

0

0

0

0

 n/a

0.00

0.00

Rock

0

0

0

0

0

0

 n/a

0.00

0.00

Rusk

0

0

0

0

0

0

 n/a

0.00

0.00

Saint Croix

0

0

41

0

52

93

335

1.60

3.55

Sauk

0

0

17

9

7

33

827

0.65

1.44

Sawyer

0

0

0

0

0

0

 n/a

0.00

0.00

Shawano

0

0

9

0

0

9

2,170

0.25

0.55

Sheboygan

0

5

19

0

0

24

2,034

0.26

0.58

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

0

0

0

0

 n/a

0.00

0.00

Vilas

0

0

0

0

0

0

 n/a

0.00

0.00

Walworth

0

0

0

0

0

0

 n/a

0.00

0.00

Washburn

0

0

0

0

0

0

 n/a

0.00

0.00

Washington

0

0

3

0

0

3

16,938

0.03

0.07

Waukesha

0

0

0

53

17

70

2,169

0.25

0.55

Waupaca

0

0

20

5

3

28

875

0.61

1.36

Waushara

0

0

21

1

0

22

677

0.79

1.76

Winnebago

0

0

32

37

8

77

912

0.59

1.30

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 homes, 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

 

To search and research real estate data for more than 130 million properties nationwide, sign up for a FREE trial to RealtyTrac.

For the latest real estate news and trends get a FREE issue of our award-winning real estate newsletter, the Housing News Report.

Related Posts

Leave a Reply

Copyright © 2016 Renwood RealtyTrac LLC - All rights reserved