Chicago Foreclosure Trends for January 2015

In January, the number of properties that received a foreclosure filing in Chicago, IL was 6% lower than the previous month and 17% lower than the same time last year, according to RealtyTrac.com.

Chicago Foreclosure Activity

In January 2015, the number of Auctions decreased 37.0% from the previous month and 34.9% from the previous year. Bank-owned properties increased 47.2% from the previous month and 9.5% from the previous year. Pre-foreclosures increased 24.6% from the previous month and dropped 6.6% from the previous year.

chicago foreclosure

Chicago Foreclosure Geographical Comparison

Chicago foreclosures were 0.06 higher than national statistics, the same as Illinois figures, and 0.05% lower than Cook County numbers in January.

chicago foreclosure

 

Chicago Foreclosure Status

The current distribution of foreclosures based on the number of active foreclosure homes in Chicago.

In January, Pre-foreclosures accounted for 33.6% of the foreclosures activity, Auctions accounted for 38.3%, and Bank-owned properties 28.1%.

chicago foreclosure

 

Are you or someone you know behind on mortgage payments? There are options to Chicago 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!

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

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