illinois foreclosures: Illinois - Highest Foreclosure Rate in U.S. - 09/15/12 07:33 AM

As of August, Illinois has the dubious honor of the highest foreclosure rate in the country.  Compared with August 2011, default notices rose 18 percent, notices of scheduled foreclosure auctions rose 116 percent and bank repossessions increased 41 percent.  Overall, foreclosure activity in the state rose 29 percent from July and 42 percent from August 2011.
With the latest report, foreclosure activity in Illinois has increased on a year-over-year basis for eight consecutive months.  Most of that activity continues to be centered in the Chicago area with 91 percent of foreclosure notices in August located in the area.  Initial … (0 comments)

illinois foreclosures: Foreclosure Activity - Greater Chicagoland - 03/13/11 10:23 AM

Foreclosures for the state of Illinois declined 27% in February compared to January levels.  Foreclosure levels were also 45% lower than February 2010.  Illinois currently has the 11th highest rate nationally.  Foreclosure filings also fell significantly in Illinois (33% lower than January levels).  It should be noted, however, that IL still ranks third in the nation due to high unemployment and a lagging economy. 
The lower foreclosure rate appears to be having a positive impact in a number of communities in the greater metropolitan Chicago area according to MLS data for Northern Illinois.  Overall, the average and median sales price … (3 comments)

Millie Lumpkin (EXIT Strategy Realty)

Millie Lumpkin

Chicago, IL

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EXIT Strategy Realty

Address: 2235 W North Ave, Chicago, IL, 60647

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