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Home foreclosures jump 12 percent in June

Ellsworth,Wisconsin 54011
Pierce County Herald
Home foreclosures jump 12 percent in June
Ellsworth Wisconsin 126 S. Chestnut St. 54011

Home foreclosures in Wisconsin jumped another 12 percent in June.

The Madison research firm of Foreclosure Alarm said there were 2,460 court filings in June against homeowners who got behind on their mortgages.

That's up from 2,200 filings in May.

The company's founder, Philip Crawford, said the trends have been relatively consistent statewide.

He says the drop in housing values has caused more people to walk away, once they find they have negative equity.

Job losses are another factor, as the state's unemployment rate is almost twice what it was just a few years ago.