Percentage of mortgage loans default on the rise

by DeLadurantey Law Office, LLC on November 20, 2009

The percentage of people behind on their mortgage payments reached a record level in September. According to a report issued by the Mortgage Bankers Association, more than 11% of Wisconsin loans were in foreclosure or delinquent.

The state percentage, however, was below the national percentage of 14%. This data indicates that the economic recovery is still facing setbacks by the home-loan industry.

If you are behind on your mortgage payments and considering filing for bankruptcy, contact the Milwaukee personal bankruptcy lawyers of the DeLadurantey Law Office, LLC, at 414-377-0518.

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