Homeowners ARM’s are increasing, heat costs are rising, gas is eating into people’s budgets. I don’t think we are going to see Madison foreclosures going away anytime soon.
Keep in mind that builders, developers and investors can also be foreclosed on. Their inventory adds to these numbers. Like the Metro Place downtown Madison foreclosure.
If you are facing foreclosure TALK with your lender. They are not your enemy. Believe it or not, they don’t want to foreclose on your home. The process costs them money, money they already invested in you and your home. Start the conversation to see what you can do to keep your home.