Chicago Foreclosure Trends – August 2010

There were 37,367 Chicago foreclosure homes for sale with 4,437 new foreclosures in August 2010. The average selling price of a Chicago home was $272,563 in August and the average foreclosure selling price was $120,405, a savings of $152,518 according to RealtyTrac.com.

Chicago Foreclosure Geographical Comparison

Chicago foreclosure activity in August was lower 0.11% higher than national statistics, 0.05% higher than Illinois statistics, and 0.05% lower than Cook County numbers.


Chicago Foreclosure Activity by Month


The number of Bank-Owned Chicago homes increased from 1,231 homes in July to 1,324 in August. The number of Auctioned Chicago homes decreased from 1,800to 1,557 and Pre-foreclosure acitivity dropped from 2,221 to 1,556. The six month Chicago foreclosure trend is rising.

Are you or someone you know behind on your mortgage payments and facing a Chicago foreclosure? You do have options. A foreclosure is not the only way. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE). I have the training, knowledge and experience needed to help save your Chicago home from foreclosure. The clock is ticking. Don’t hesitate. Give me a call for a private consultation.

Learn more about selling your Chicago home.

What’s your Chicago home worth?

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