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Home foreclosures down in Wisconsin

A "Price Reduced" sign is displayed on a home for sale in northern Virginia suburb of Vienna, outside Washington, October 27, 2010. REUTERS/
A "Price Reduced" sign is displayed on a home for sale in northern Virginia suburb of Vienna, outside Washington, October 27, 2010. REUTERS/

UNDATED (WSAU-Wheeler News)  Home foreclosures continue to go down dramatically in Wisconsin. The U-W Whitewater Fiscal and Economic Research Center said 3,427 new foreclosure cases were filed in state courts from January through March. That's down 24-percent from the same quarter a year ago. For 2013 as a whole, there were just over 15,500 new cases against homeowners hopelessly behind on their mortgages.

The peak year was 2009, when over 28,500 cases were filed in the depths of the Great Recession.

Whitewater economics professor Russell Kashian said there's no question that the foreclosure crisis is over, and there's nothing to indicate rough waters any time soon. However, he says the school will continue to monitor foreclosure trends. In Kashian's words, "There will be a next time, and we'd like to start to notice it immediately when it happens."

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