Statistics show that foreclosures are on the decline in Wisconsin. This past June, the number of foreclosures in Wisconsin was down by 13.4 percent compared to June 2009. The 2,150 foreclosure cases last month are the lowest number of cases in a month so far this year. Furthermore, the total foreclosures in the first half of this year is down 1.1 percent from the first six months of last year.
Still, many believe the decrease in foreclosure filings is not very telling considering how high the number of foreclosures had gotten in recent years. An economics professor at the University of Wisconsin Whitewater stated, “With foreclosures, we will continue bouncing across the bottom until we see unemployment go below 8 percent”. In May, Wisconsin’s unemployment rate was 8.2 percent.
If you or someone you know is facing foreclosure, contact the Milwaukee foreclosure defense lawyers of DeLadurantey Law Office, LLC at 414-337-0518 to learn more about your rights.