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Wausau to Buy and Sell Foreclosed Homes
Posted on May 28th, 2009 No commentsThe city of Wausau will receive $1 million in federal stimulus money to buy and restore foreclosed homes and then sell them to residents. The funds will come through the Neighborhood Stabilization Program, an initiative of the U.S. Housing and Urban Development Department that set aside $3.92 billion for the program, $39 million of it designated for Wisconsin. Read the article.
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Nearly 9% of Wis. Mortgages in Trouble
Posted on May 28th, 2009 No commentsNearly 9 percent of mortgages in Wisconsin were at least 30 days overdue or in the foreclosure process at the end of the first quarter. That’s better than the national average: 8.22 percent delinquent and 3.85 percent in foreclosure, for a combined total of about 12 percent, according to a quarterly survey by the Mortgage Bankers Association. Read the Milwaukee Journal Sentinel article.