Thursday, February 09, 2006

Rise in Foreclosures Not Seen in Wisconsin

Wisconsin State Journal: "The number of foreclosures jumped 25 percent nationally last year between the first and last quarters, according to a report by RealtyTrac, an online marketplace for foreclosure property.
Not in Wisconsin.
Thanks to more conservative lending practices and less volatile home-value fluctuations, the number of Wisconsin foreclosures dropped 2 percent during the same period.
But with a cooling real estate market and interest rates likely to edge higher, experts say the state could see an increase in foreclosures over the next several years."
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