Cook County and Chicago IL Foreclosure Trends for June 2014

In June, the number of properties that received a foreclosure filing in Cook County, IL was 10% higher than the previous month and 30% lower than the same time last year, according to RealtyTrac.com.

Cook County IL Foreclosure Activity

In June, the number of Auctions increased 14.3% from the previous month and decreased 56.2% from the previous year. Bank-owned properties increased 11.4% from the previous month and 29.7% from the previous year. Pre-foreclosures increased 2.9% from the previous month and 13.8 from the previous year.

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Cook County IL Foreclosure Geographical Comparison

Cook County IL foreclosures were 0.11% higher than national statistics and 0.03% higher than Illinois figures in June.

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Cook County IL Foreclosure Status

The current distribution of foreclosures based on the number of active foreclosure homes in Cook County, IL.

In June, Pre-foreclosures accounted for 31.0% of the foreclosures activity, Auctions accounted for 41.7%, and Bank-owned properties 27.3%.

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Are you or someone you know behind on mortgage payments? There are options to Chicago IL foreclosures. A short sale may be the answer to saving you, your family and your credit. Contact us for a private consultation. We can help!

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