Milwaukee Real Estate Blog - SE Wisconsin Real Estate - Franklin, Oak Creek, Greenfield, Greendale, Muskego, New Berlin

Archive for January 2009

Bank starts foreclosure for Franklin condo project

Source: Front page of real estate section Milwaukee Journal Sentinel 1/25/09

Marshall & Ilsley Bank has filed for foreclosure action against the developers of a major condominium project in Franklin.  In the lawsuit, the bank says it is owed almost $4.6 million plus interest of almost $35,000 a day as well as late fees for 52 [...]

Banks Sitting On An Inventory Time Bomb

Wednesday, 28 January 2009
Original Link: http://www.cnbc.com/id/28898377
Posted By: Diana Olick on the CNBC website.
An interesting little factoid from RealtyTrac, the online foreclosure sale site that tracks all kinds of foreclosure data. Apparently about 70 percent of foreclosures in its database have not yet been listed on the MLS. I’m wondering why? Why are the banks [...]

1/22/09 Deal Of The Day – 5303 Sutton Place, Greenfield, WI 53221

Do you want a single family home but don’t want to deal with yard work and snow removal?  This may be the compromise you have been looking for.  A single family home that sits in Windermere Estates Condominiums.  Two large bedrooms, 2.5 bathrooms, 2.5 car garage spaces, over 1600 square feet and a full basement [...]

1/21/09 Deal Of The Day – 864 Pilgrim Parkway, Elm Grove, WI 53122

Elm Grove is possibly my favorite community in South East Wisconsin. The price of homes in this community are out of reach for many. However, this featured listing today in my opinion represents a great deal. A condominium in Elm Grove Parkway. There are 4 units in the building all with [...]

Foreclosures rise 77% in Milwaukee County

Link: http://www.jsonline.com/business/37752914.html
Source: Front Page of Milwaukee Journal Sentinel 1/17/09
Ben Poston and Cary Spivak of the Journal Sentinel
Posted: Jan. 16, 2009

The number of foreclosed properties headed for sheriff’s sales in Milwaukee County jumped 77% last year, the third consecutive year of double-digit increases. And officials said there were no signs that the trend was abating. [...]

1/20/09 Deal Of The Day – 6604 N. Knoll, Sugar Creek, WI 53121

The highlighted home today is in Sugar Creek (6 miles NW of Elkhorn)     If you want to live away from the big city this may be a home to consider.  The numbers look great and would be a great opportunity.  Call me on my Cell phone if you want to see this home [...]

1/19/09 Deal Of The Day – 7218 S 51st St. Franklin, WI 53132

The highlighted home today is in Franklin. Those that are from the SE Wisconsin area know how great this community is.  While I may be biased because this home is where my office is located, the numbers don’t lie.  Call me on my Cell phone if you want to see this home or write an [...]

Homes on the Cheap In Milwaukee? You be the judge!

The last post was one that I took from the Internet.  The reason I put it up was to use it as a comparison to the Milwaukee housing market.   After reading the article I was curious to know how our market stacked up.  Here is what I found according to the Metro-MLS here [...]

Radical cheap: $1,000 Homes

Link: http://money.cnn.com/2009/01/08/real_estate/thousand_dollar_homes/index.htm
Source: CNNMoney.com
By: Les Christie, CNNMoney.com staff writer
Posted: Thursday January 8, 2009
The real estate market is so awful that buyers are now scooping up homes for as little as $1,000.
There are 18 listings in Flint, Mich., for under $3,000, according to Realtor.com. There are 22 in Indianapolis, 46 in Cleveland and a whopping 709 in [...]

1/8/9 Deal Of The Day – 1017 Madison Ave. South Milwaukee, WI 53172

The highlighted home today is in South Milwaukee. Those that are from the SE Wisconsin area know how great this community is.  The community boasts a brand new Middle/High School and is nice and close to Lake Michigan.  Check out the info below and tell me if you don’t agree that this is a great [...]

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