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Dane County foreclosures increase for the 6th time in 7 months

Real Estate Agent with Keller Williams Realty, Madison, Wisconsin

August 19, 2012 04:58 am

Dane County foreclosures increased again in July, for the 6th time in the last 7 months. July foreclosure filings increased by 27.8% from the number of filings registered in July of 2011, according to data maintained by the Wisconsin Circuit Court. A total of 115 new foreclosures were filed in July compared to 90 filings a year ago.

The graph below shows foreclosures continue to trend along historically high levels.

Foreclosures in 2012 are currently ahead of last year's by pace by 11.5%.

For our full Dane County foreclosure report, please see the new foreclosures menu at DaneCountyMarket.com . Our report also has information on foreclosure filings for the State of Wisconsin.

If you are interested in buying a foreclosed home, please see these 5 foreclosure search tools, also on our foreclosures menu.

Dan Miller, Realtor, Keller Williams Realty and DaneCountyMarket.com

www.HowWeHelpYouSell.com

www.HowWeHelpYouBuy.com

www.OurRecentSales.com

www.SearchDaneCounty.com

www.DaneCountyForeclosureSearch.com

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Location:: Wisconsin Dane County Madison

Groups:: Dedicated Bloggers; Keller Williams 'Rainers; Keller Williams Active Rain Bloggers

Tags:: dane county foreclosures; distressed properties; foreclosures for sale; foreclosure search tools; foreclosures

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Ambassador
1,009,506

Harry F. D'Elia

Investor , Mentor, CSSN, Radio Coach, REOs, ABR

Precision Real Estate Inc.

Knowing the local numbers does make a difference when in real estate.

August 19, 2012 08:18 am

Rainmaker
441,164

Chris and Dick Dovorany

Broker/Associate at Premiere Plus Realty

Homes for Sale in Naples, Bonita Springs and Estero, Florida

Tooooooooo bad. Maybe those Madison banks should start settling short sales and stop it from going all out foreclosure. The numbers don't make for good publicity. (we're from Racine)

August 19, 2012 11:42 am

Rainmaker
274,755

Dan Miller

Keller Williams Realty, Madison, Wisconsin

Hi all, thanks for your comments...These numbers are pretty representative of what's going on in other markets as well. After the robo-signing scandal was resolved, banks are now processing foreclosures again.

Thanks and take care,

Dan

August 20, 2012 03:29 am

Rainmaker
274,696

Terkel Sørensen

Realtor, 951.805.0773 , Bank owned and Short Sales

Real Estate Places

Hey Dan,

That' snot good news - oddly - over on our coast, there is no inventory to be had and buyers are falling over each other to get a house...

This brings me to ask you - how is the market in Madison? A friend of our family has had her house on the market for a while I guess - on Realtor #2 now and no offers... Standard sale too. I don't know much about the property, location etc, but I guess she has had over 50 showings and no offers. Woud love to hear your input.

August 24, 2012 06:14 pm

Rainmaker
274,755

Dan Miller

Keller Williams Realty, Madison, Wisconsin

Hi Terkel,

Thank you for your email...The market in Madison is quite good in many ways. My real estate team is having its best year ever. Home sales are up a lot. Inventory is down by quite a bit, so we're seeing prices rise in many neighborhoods. Here are a couple of quick summaries for our market:

http://www.danecountymarket.com/market2.jsp?articleid=1145

http://www.danecountymarket.com/article.jsp?id=354

If your friends ends up looking at other approaches, you may try sending them to www.HowWeHelpYouSell.com. This web page provides a good description of our marketing plan.

Have a great day!

Dan

August 25, 2012 05:13 am