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Wisconsin foreclosure filings drop 31%

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According to the Milwaukee Journal Sentinel, mortgage foreclosure filings in Wisconsin dropped 31% in August as court actions against delinquent borrowers continued to fall back to pre-housing crisis levels.

Court records show there were 539 foreclosure filings last month in Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington and Waukesha counties, down from 783 in August 2012.

Although the city of Milwaukee continues to struggle with foreclosed properties that are a blight on neighborhoods, statistics show the number of new foreclosed homes is slowing. Milwaukee County had 296 filings in August, its fourth consecutive month with fewer than 300.

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