Chicago Foreclosure Trends – September 2010

There were 37,070 Chicago foreclosure homes for sale with 4,180 new foreclosures in September 2010. The average selling price of a Chicago home was $273,471 in September and the average foreclosure selling price was $118,283, a savings of $155,187 according to RealtyTrac.com.

Chicago Foreclosure Geographical Comparison

Chicago foreclosure activity in Sept was lower 0.12% 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 decreased from 1,324 homes in August to 1,312 in Sept. The number of Auctioned Chicago homes decreased from 1,557 to 1,431 and Pre-foreclosure acitivity dropped from 1,556 to 1,437. The six month Chicago foreclosure trend is falling.

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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