Vilas County / Wisconsin / Eagle River Foreclosure Report for December

By
Real Estate Agent with Coldwell Banker, Mulleady, Inc. Realtors 42118
November 2011 Volume 5, Issue 16
6 month Wisconsin Foreclosure Trends
NOD
NTS
NFS
LIS
REO
Search for Investment Properties>

Wisconsin Foreclosure Activity Up in Third Quarter

Foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 12,286 Wisconsin properties during the third quarter of 2011, up 6 percent from the second quarter of 2011, but 5 percent below the level reported for the same quarter last year, according to the latest RealtyTrac® U.S. Foreclosure Market Report.Complete Story

U.S. Foreclosure Activity Hits 7-Month High in October

By RealtyTrac Staff

Foreclosure filings were reported on 230,678 U.S. properties in October, a 7 percent increase from the previous month, but still down nearly 31 percent from October 2010, according to the RealtyTrac U.S. Foreclosure Market Report for October 2011. The report also shows one in every 563 U.S. housing units with a foreclosure filing during the month. “The October foreclosure numbers continue to show strong signs that foreclosure activity is coming out of the rain delay we’ve been in for the past year as lenders corrected foreclosure paperwork and processing problems,” said James Saccacio, chief executive officer of RealtyTrac. Complete Story

Here are some of the most recent Investment opportunities in the area.

 
Pre-Foreclosure
Maine Ave
Adell,
WI 53001
  • Amount
  • $208,600
  • Beds/Bath
  • Sq. FT
  • 0/0
  • 0
Property TypeAddressAmountDefaultSq. Ft. 
Bank-Owned
 
Landing Lake Rd,
Land O'Lakes, WI 54540
$184,500 N/A 1,500 GET DETAILS
Auction
Auction Date: 12/21/11
Church St # 3,
Allenton, WI 53002
$141,998 N/A 0 GET DETAILS
View more properties in Vilas County

Four Foreclosure Financing Myths

By Peter G. Miller and Daren Blomquist

The word is out: it's harder to get a mortgage, maybe impossible. Lenders are clamping down, especially on foreclosure purchases. Just about everyone says so. Since this is a “fact” why bother to buy real estate when you can't get financing? Well, maybe not a fact. Maybe tales of mortgage woes are exaggerated. Or, maybe they're not true at all. Here are four commonly believed myths about securing financing in today's real estate market, especially when it comes to financing a foreclosure purchase. Complete Story
FORECLOSURE TRENDS : SEPTEMBER, 2011
NATIONALWISCONSINVILAS CTYNODsNTSsNFSsLISsREOs
36,932 0 0
57,836 0 0
21,262 1,472 7
33,778 1,682 0
65,047 1,299 0
Search for Investment Properties
Foreclosure Terms
Notice of Default (NOD)
A non-judicial document filed by a trustee that starts the foreclosure process. More about NOD
Lis Penden (LIS)
Notification of pending lawsuit. A judicial document filed by an attorney or trustee that starts the foreclosure process. More about LIS
Auction / Notice of Trustee's Sale (NTS)
A filing by notice announcing a public auction. More about NTS
Notice (Judgment) of Foreclosure Sale (NFS)
An order signed by a judge directing to sell the property at public auction. More about NFS
Real Estate Owned (REO)
The final step in foreclosure process in which property ownership returns to lender. More about REOs
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