Wisconsin Foreclosures

According to the latest statistics, there are three times as many foreclosures currently going on in Wisconsin as there were this time last year. This is a direct result of rate adjustments on the massive number of subprime mortgages placed in the last five years. If you or someone you know has a subprime mortgage and an upcoming rate adjustment is going to make it hard for you to make your payments, there are options. FHA has recently announced a new program which allows favorable refinance options for people who may not be able to afford their mortgage payment due to a rate adjustment.

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Read more about the latest foreclosure statistics in this Business Journal article.