Foreclosures in metro Milwaukee area continue to decrease

Freeman Staff

July 28, 2015

WAUKESHA The foreclosure rate in the Milwaukee-Waukesha-West Allis area continued to decrease in May and was lower than the national average for the period.

According to data release Tuesday from CoreLogic, the rate of Milwaukee-Waukesha-West Allis area foreclosures among outstanding mortgage loans was 0.92 percent for May 2015, a decrease of 0.12 percentage points compared with May 2014 when the rate was 1.04 percent. Foreclosure activity in Milwaukee-Waukesha-West Allis was lower than the national foreclosure rate, which was 1.29 percent for May 2015.

The mortgage delinquency rate also decreased for the Milwaukee-Waukesha-West Allis area. According to CoreLogic data for May 2015, 3.02 percent of mortgage loans were 90 days or more delinquent compared with 3.68 percent for the same period last year, representing a decrease of 0.66 percentage points.