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Dane County Foreclosure Prevention Taskforce

Addressing foreclosures in Dane County, WI through prevention, intervention and stabilization

Dane County Foreclosure Prevention Taskforce - Addressing foreclosures in Dane County, WI through prevention, intervention and stabilization

Quick Facts

Foreclosure Filings in Dane County

By the Numbers

30,275 – the number of foreclosure lawsuits filed in Wisconsin in 2009

1,550 – the number of foreclosure lawsuits filed in Dane County in 2009

20 days – the length of time a homeowner has to file an answer to the initial foreclosure lawsuit

12-18 mos. – the length of time it can take to resolve a foreclosure lawsuit in Wisconsin through the court system

72% – the percentage of foreclosure cases in Dane County where the homeowner does not file an answer to the lawsuit

 14% – the percentage of foreclosure cases in Dane County where the homeowner is represented by an attorney

100% – the percentage of foreclosure cases in Dane County where the lender is represented by an attorney

$241,700 – the average value of a home in Dane County in 2009

$226,200 – the average value of the homes facing foreclosure in Dane County in 2009

6% – the percentage of Dane County foreclosure cases where the home is a condominium

5.5 years – the average length of time that homeowners in Dane County have owned their homes before falling into foreclosure

8.2 years – the average length of time American homeowners stay in one home

10+ years – the length of time a first-time homebuyer will rent after the termination of homeownership

$518 – the average decrease in monthly mortgage payment for those who receive a permanent loan modification under the federal Home Affordable Modification Program (HAMP)

8,344 – the number of Wisconsin homeowners in a HAMP trial modification as of February 2010

1,751 – the number of Wisconsin homeowners who have received a permanent HAMP loan modification as of February 2010

$0 – the amount a homeowner must pay in order to work with a HUD-certified housing counselor