Foreclosures decrease in December in metro Milwaukee area

Special to The Freeman

March 5, 2015

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Submitted map courtesy of CoreLogic

MILWAUKEE According to data reported by CoreLogic on Thursday, the foreclosure rate in the Milwaukee-Waukesha-West Allis area decreased in December.

The rate of Milwaukee-Waukesha-West Allis area foreclosures among outstanding mortgage loans was 0.93 percent for the month of December 2014, a decrease of 0.41 percentage points compared to December 2013 when the rate was 1.34 percent, according to CoreLogic, a global property information, analytics and data-enabled services provider.

A map provided by CoreLogic indicates the highest levels of foreclosures in the metro area were in northern parts of Milwaukee County.

In Wisconsin during December 2014, the foreclosure rate was lower than the metro Milwaukee area at 0.73 percent.

The national foreclosure rate was 1.47 percent for December 2014, according to the report.

The mortgage delinquency rate also decreased in Milwaukee-Waukesha-West Allis in December 2014, according to CoreLogic, which found 3.35 percent of mortgage loans were 90 days or more delinquent compared to 4.23 percent for the same period last year, representing a decrease of 0.88 percentage points.