Chicago IL Foreclosure Trends for July 2014

In July, the number of properties that received a foreclosure filing in Chicago, IL was 13% lower than the previous month and 10% lower than the same time last year, according to RealtyTrac.com.

Chicago IL Foreclosure Activity

In July, the number of Auctions decreased 21.6% from the previous month and increased 49.3% from the previous year. Bank-owned properties decreased 6.4% from the previous month and 4.3% from the previous year. Pre-foreclosures decreased 5.0% from the previous month and 39.7 from the previous year.

chicago il foreclosure
Chicago IL Foreclosure Geographical Comparison

Cook County IL foreclosures were 0.05% higher than national statistics, the same as Illinois figures, and 0.04% lower than Cook County numbers in July.

chicago il foreclosure

Chicago IL Foreclosure Status

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

In July, Pre-foreclosures accounted for 35.8% of the foreclosures activity, Auctions accounted for 39.5%, and Bank-owned properties 24.8%.

chicago il foreclosure

 

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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