Foreclosures In Wisconsin Continue To Increase

According to the Milwaukee Journal Sentinel and ForeclosuresWI.com today, foreclosures continued their increase in October this year. Milwaukee County had the largest increase of SE Wisconsin counties. The Journal reported that an “expert” said: “it might get worse ….before it gets better.” (they did not say who the expert was) Filings in the state are up 23% over last year. My searches of the Multiple Listing Service indicate that the majority of these are homes within the City of Milwaukee limits. Of the foreclosures I have personally seen, most need extensive work, some to the extent that traditional financing will not get the deal done. If you have the cash and are willing to put in some “sweat equity” there are some deals out there to be had.