il foreclosures: CHICAGO FORECLOSURES FALL - But Housing Recovery Here Not Complete! - 01/16/14 11:08 PM
In what many experts consider a clear signal that the Housing Market in Chicago may be making a comeback, Bank-Owned Foreclosed Homes, as a percentage of all homes on the resale market here, fell by 27% in 2013, versus 2012.  At the end of last year, 1 out of 5 homes for sale in Chicago were Bank Owned, versus a 28% share one year earlier, at the end of 2012.
As written in Mary Ellen Podmolik's story in the Chicago Tribune, the impact of one or more Foreclosed Homes on a residential block is often far reaching.   Besides being unsightly, and a possible draw for squatters, and crime, these … (0 comments)

Under "normal circumstances," IL Foreclosures take about nine months to one year to run their course - from the first court filing of mortgage delinquency, until the homeowner if finally evicted and forced to leave their home. For many homeowners in distress, however, circumstances here are far from normal. Indeed, it is not unusual for some homeowners who haven't made a mortgage payment in two to three years to still be in their homes, waiting to be forced to leave.
Many blame the record high levels of pending foreclosures on the high level of distressed inventory that has come to market … (1 comments)

Dean Moss, Dean's Team Chicago IL Real Estate Team (Dean's Team - Keller Williams Realty Partners Chicago IL)

Dean Moss

Dean's Team Chicago IL Real Estate Team

Chicago, IL

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