According to The Business Journal, foreclosure rates in Wisconsin in October dropped by 1.6 percent from September.  However, October foreclosure rates were still 11.7 percent higher than those in October 2009.

Compared to other states, Wisconsin ranked 17th worst with a total of 4,815 properties foreclosed in the month of October or one out of every 534 houses in the state.

Nationwide, foreclosures also saw a decrease of 4 percent from September.  In October, a total of 332,172 properties were foreclosed across the country or one in every 389 households.

If your home is facing foreclosure and you would like to discuss your options, contact the experienced Milwaukee foreclosure defense lawyers of DeLadurantey Law Office, LLC at 414-377-0518  today.

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.