RealtyTrac

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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Illinois Foreclosure Rate Still Above National Average

The U.S. foreclosure rate has seemed to slow down, but according to experts, that’s about to change. This week, RealtyTrac released its U.S. Foreclosure Market Report for the third quarter of 2011 to show that foreclosure filings rose less than 1 percent from the previous quarter and are 34 percent lower than the third quarter …

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