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Story originally printed in the Winona Daily News or online at www.winonadailynews.com

Published - Tuesday, August 05, 2008

Foreclosure filings continue at record pace

MADISON (AP) — Foreclosure filings in Wisconsin continue at a record pace in July.

New figures from the tracking company ForeclosuresWI.com released Monday show nearly 14,300 filings in the first seven months of the year. That's a 31 percent increase over the same period last year.

ForeclosureWI president Robert Jensen said between 2003 and 2005, foreclosures averaged about 11,700 a year. By last year, filings had reached nearly 21,000.

Statewide, there were 1,762 foreclosure filings in July — or nearly 77 filings each business day.

Eighty-eight percent of Wisconsin's 72 counties have had more foreclosure filings through July than the same period last year, eight percent had fewer filings, and four percent had the same.