• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / News / Early action needed to avoid foreclosure

Early action needed to avoid foreclosure

July 5, 2007 By WRN Contributor

Foreclosures in Wisconsin continue to rise, but experts say there are some steps people can take to avoid losing their homes.

In just the first half of this year, over 7,600 Wisconsin homes went into foreclosure. Erick Skrum, with the Wisconsin Bankers Association, says many of those families ended up in trouble because they waited too long to get help. Skrum says taking action before a payment is missed helps a great deal in weighing the options available. He says after a payment is missed, the options open to a lender are much more limited.

Even with a more unstable housing market expected in the coming months, Skrum says home buyers shouldn't be scared. They just need to understand what they're getting into ahead of time. Skrum says many buyers are in trouble now because they over-estimated what they could afford. 

AUDIO: Andrew Beckett reports (MP3 1:01)

Share this:

  • Facebook
  • Twitter

Filed Under: News



Featured Stories

Wisconsin veterans cheer passage of PACT Act

Lasry leaves U.S. Senate race and endorses Barnes

Trump will host Waukesha campaign rally for Tim Michels

U.S. House passes Respect for Marriage Act

Former UW Chancellor Blank’s cancer diagnosis means she will not take Northwestern job

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC