The Milwaukee Journal Sentinel is reporting this morning that the number of new foreclosure cases in Milwaukee dropped 8% in June compared to foreclosure filings in June 2010. The article went on to say that monthly totals remain at elevated levels for the area, as high unemployment and a week housing market continue to take a toll.
In a response to these foreclosure filings the bankruptcy court for the Eastern District of Wisconsin has initiated a mortgage mediation program. This program helps people overcome large arrearages on mortgages so that they are able to stay in their homes. Call me anytime for further information on this opportunity to save your home.