In the first quarter of this year, fewer homeowners in Wisconsin were delinquent on their mortgage loans. From January to March, 5.46 percent of mortgage loans were overdue while 6.46 percent were overdue in the first quarter of 2010.
Additionally, the percentage of delinquent mortgage loans in Wisconsin remained lower than the national average in the first quarter of the year. Last year, 9.38 percent of mortgage loans were overdue nationwide in the first quarter and 7.79 percent were overdue in the first quarter of this year.
However, foreclosures on mortgages in the state increased slightly over the first quarter of the year. The foreclosure rate in Wisconsin increased from 3.51 percent last year to 3.74 percent this year.
If you or someone you know is struggling to make mortgage payments and would like to renegotiate the terms of a mortgage, contact the Milwaukee mortgage modification attorneys of DeLadurantey Law Office, LLC at 414-377-0518 today.