Fewer foreclosures in Wisconsin bucks national trend

WBAY-TV Green Bay-Fox Cities-Northeast Wisconsin News: Fewer foreclosures in Wisconsin bucks national trend: "UNDATED The number of Wisconsin homeowners who defaulted on their mortgage payments has dropped compared to last year. That bucks a national trend in which foreclosures are up almost everywhere else across the country.
Wisconsin had 951 foreclosures in 2005, down eleven percent from 2004. But nationwide, foreclosures are up about ten percent.
Experts say one reason is that the homes people are defaulting on are vacation homes in pricey parts of the country. People might have bought those homes when interest rates were lower, and now that rates might be double what they were two years ago, those mortgage payments are no longer affordable."
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