Last month, foreclosures in southeastern Wisconsin increased to 1,011 from 865 in November 2010 — a 16.9 percent year-over-year increase. In Milwaukee County, foreclosures increased by 13.5 percent to 528.
Southeastern Wisconsin includes Milwaukee, Kenosha, Racine, Ozaukee, Washington, Walworth, and Waukesha counties. November was only the second month of the year in which foreclosure filings in southeastern Wisconsin reached over 1,000 filings. From January 2010 through November 2010, total monthly foreclosures were higher than 1,000 six times.
For the first 11 months of this year, foreclosure filings in southeastern Wisconsin totaled 9,763 — a 14 percent decrease from foreclosures filed in the same time period last year.
Experts say foreclosures increased in November because some cases that were delayed because of paperwork issues have moved on to being processed through the foreclosure system.
To learn more about how to defend your home from foreclosure, contact the Milwaukee foreclosure defense attorneys of DeLadurantey Law Office, LLC by calling 414-377-0518 today.