Chicago Foreclosures

Chicago Foreclosure Rates Steadily Improving

Despite high attention at the national level for having so much foreclosure inventory, the comparison between bank-owned and non-foreclosure inventory is not quite as terrible as it may seem. In a new study by the Chicago Real Estate Notes blog, there is marked improvement in Chicago foreclosure inventory thanks to more initiatives from the government, …

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Foreclosures Decrease in First Quarter Across U.S.

The experts predicted it would get worse. They said distressed homes would bombard the market like waves crashing along Lake Shore Drive, pummeling the Chicago real estate market with foreclosures. The outlook was bleak and the housing market seemed doomed to stay in the mire of upside-down mortgages and a stagnant housing recovery. Sometimes though, …

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Cook County Sees Spike in Foreclosure Activity

Remember the robo-signing controversy? If not, click here. The scandal, which temporary halted foreclosure activity, appears to be over, and as a result, foreclosures are back on the rise. In Cook County, nearly 3,000 properties have become vacant over the last three months. According to a report released Wednesday by the Woodstock Institute, a Chicago-based …

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