Calumet County, WI, Registers 22 Active Pre-Foreclosures Over Past 12 Months
This Wisconsin county ranks #33 among 71 counties statewide, representing a 0.5% share of the state's total active pre-foreclosure pipeline.
County Overview
Calumet County, Wisconsin, shows a measured level of distress in its housing market, with 22 active pre-foreclosures identified over the past 12 months. This figure impacts 24 individual parcels within the county. For real estate investors monitoring potential distressed assets, this represents a specific, albeit smaller, segment of the market. According to BatchData's active pre-foreclosures report, the composition of these properties across the pre-foreclosure pipeline stages offers critical insights into the timing and nature of potential future inventory.
The majority of these pre-foreclosure properties in Calumet County are in the Notice of Lis Pendens stage, accounting for 13 properties, or 59.1% of the total. This indicates that a significant portion of the county's distressed inventory is in an earlier phase of the foreclosure process, following an initial default but prior to a confirmed sale date. The next largest segment is the Notice of Default stage, with 8 properties making up 36.4% of the active pipeline. These properties are at the earliest point of formal action, signaling initial non-payment or breach of mortgage terms. Only 1 property, or 4.5%, has reached the Notice of Sale stage, meaning it is nearing a potential auction. This distribution suggests a pipeline that is largely in its initial and middle stages, offering a longer lead time for investors to track and analyze these assets for real estate investing strategies.
Local Market Context
Comparing Calumet County to the broader state landscape, its 22 active pre-foreclosures position it at #33 out of 71 counties in Wisconsin. This represents a 0.5% share of the state's total of 4,081 active pre-foreclosures. Nationally, the total stands at 283,909, underscoring Calumet County's relatively modest contribution to the overall distressed housing market. While Calumet County's raw numbers are smaller compared to more populous regions, its specific pipeline composition provides a localized view for investors. The emphasis on earlier-stage filings like Notice of Lis Pendens and Notice of Default is a common pattern in many markets, but the precise percentages can vary.
Residential properties dominate Calumet County's pre-foreclosure landscape, making up 20 properties, or 90.9% of the total. This aligns with typical market trends where owner-occupied or investor-owned homes are the primary assets affected by foreclosure processes. Within the residential category, Single Family homes are the most represented, with 15 properties accounting for 68.2% of all active pre-foreclosures. Additionally, 2 properties are categorized as Single Family Residential (Assumed), contributing 9.1% to the total. This concentration in single-family homes is particularly relevant for investors focused on acquiring properties for rehabilitation, rental, or resale.
Beyond traditional residential, Calumet County's pre-foreclosure pipeline also includes 2 commercial properties, representing 9.1% of the total. This diversified mix can appeal to a broader spectrum of investors, from those interested in residential flips to those seeking commercial opportunities. Interestingly, vacant land also accounts for 2 properties, or 9.1% of the active pre-foreclosures, suggesting potential for development or land banking strategies if these properties eventually move through the foreclosure process. A single Condominium Unit makes up the remaining 1 property, or 4.5%. This detailed property data allows investors to target specific asset classes.
The low proportion of properties in the Notice of Sale stage (just 1 property at 4.5%) indicates that, for now, very few properties in Calumet County are on the verge of auction. This could suggest that borrowers are either finding resolutions earlier in the process or that the legal timeline for foreclosures is extended, offering a window for intervention. For investors, this means opportunities for pre-foreclosure acquisitions or short sales might be more prevalent than direct auction purchases. Monitoring these trends through detailed pre-foreclosure data is crucial for identifying emerging opportunities. BatchData's market reports provide a comprehensive view of these dynamics, helping investors and agents navigate the complexities of distressed asset markets across various geographies.