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Motion tabled: West Milwaukee parts supplier in limbo after landlord loses property to foreclosure

Published: March 28, 2013
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Through his warehouse’s back window, Mike Medek can see West Milwaukee’s nearly complete Walmart, one more store in the flood of retail rising around his industrial shop.

Foreclosure could force heavy equipment parts supplier to move

Published: March 20, 2013
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A Motion Industries branch manager, whose store supplies construction companies with heavy equipment parts, is waiting on a Milwaukee County sheriff’s sale to know whether he’ll have to move the shop.

Milwaukee sidesteps convent demo deadline

Published: February 12, 2013
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Milwaukee no longer needs to rush its wrecking ball while demolishing a foreclosed convent on West Center Street.

Foreclosure auctions drawing small crowds

Published: January 30, 2013
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Every Monday, foreclosed homes go up on the auction block, and every Monday, the banks that hold those mortgages are the only ones showing interest.

Goldman, Morgan Stanley to pay $557M in mortgage case

Published: January 16, 2013
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Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

Short sales outpacing sales of bank-owned homes

Published: December 6, 2012
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Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with mortgages gone unpaid.

5 big banks have cut loan balances by $6.3B

Published: November 19, 2012
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Five of the biggest U.S. banks cut struggling homeowners’ mortgage balances by $6.3 billion and provided a total $26.1 billion in relief under a landmark settlement over foreclosure abuses.

Editorial cartoon: Mall sells at foreclosure auction

Published: October 26, 2012
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Milwaukee’s Grand Avenue mall sells at foreclosure auction (UPDATE)

Published: October 22, 2012
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The Shops at Grand Avenue sold for $8.5 million Monday morning at a Milwaukee County foreclosure auction.

Give ‘em credit: Success restoring foreclosures hinges on developer experience

Published: August 30, 2012
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A spindly vine snaked out of a mound of debris in a second-floor room on North 37th Street in Milwaukee. Water and sunlight come through a hole in the eaves, but so do small animals, and one was scurrying through the ceiling the morning of Aug. 21.

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