Downtown Milwaukee office building foreclosed

by DeLadurantey Law Office, LLC on June 17, 2010

An older Milwaukee office building, The Underwriters Exchange Building, is for sale after it was foreclosed upon last week.  The eight-story, thirty-seven thousand square-foot building was built in 1924.  Located on 828 North Broadway, it is on sale for over $1.6 million by Wangard Partners.  The building has an occupancy rate of only 37 percent.

The Underwriters Exchange Building has been targeted by banks before for foreclosure.  Associated Bank filed a foreclosure lawsuit against the building in 2008.  A Milwaukee investment group who guaranteed a loan to the bank gave them $1.5 million.  The bank has used some of that money to hire the company that is selling the property.

If you or someone you know is facing foreclosure, contact the Milwaukee foreclosure defense lawyers of the DeLadurantey Law Office, L.L.C. by calling 414-377-0518.

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