Posts Tagged ‘foreclosure trends’

Chicago Foreclosure Trends for February 2015

April 3, 2015

In February, the number of properties that received a foreclosure filing in Chicago, IL was 36% lower than the previous month and 32% lower than the same time last year, according to RealtyTrac.com.

Chicago Foreclosure Activity

In February 2015, the number of Auctions decreased 68.5% from the previous month and 57.7% from the previous year. Bank-owned properties decreased 10.7% from the previous month and 35.5% from the previous year. Pre-foreclosures decreased 7.6% from the previous month and 3.4% from the previous year.

chicago foreclosure

Chicago Foreclosure Geographical Comparison

Chicago foreclosures were 0.01% higher than national statistics, 0.02% lower than Illinois figures, and 0.03% lower than Cook County numbers in February.

chicago foreclosure

 

Chicago Foreclosure Status

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

In February, Pre-foreclosures accounted for 52.7% of the foreclosures activity, Auctions accounted for 22.3%, and Bank-owned properties 52.7%.

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!

Advertisements

Chicago Foreclosure Trends for January 2015

March 4, 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!

Chicago Foreclosure Trends for December 2014

January 16, 2015

In December, the number of properties that received a foreclosure filing in Chicago, IL was 48% higher than the previous month and 9% lower than the same time last year, according to RealtyTrac.com.

Chicago Foreclosure Activity

In December, the number of Auctions increased 109.1% from the previous month and 23.2% from the previous year. Bank-owned properties increased 2.4% from the previous month and decreased 32.0% from the previous year. Pre-foreclosures increased 9.9% from the previous month and dropped 32.2% from the previous year.

chicago foreclosure

Chicago Foreclosure Geographical Comparison

Chicago foreclosures were 0.07% higher than national statistics, 0.01% higher than Illinois figures, and 0.04% lower than Cook County numbers in December.

chicago foreclosure

 

Chicago Foreclosure Status

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

In December, Pre-foreclosures accounted for 25.2% of the foreclosures activity, Auctions accounted for 56.9%, and Bank-owned properties 17.9%.

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!

Chicago Foreclosure Trends for October 2014

December 7, 2014

In October, the number of properties that received a foreclosure filing in Chicago, IL was 9% higher than the previous month and 22% lower than the same time last year, according to RealtyTrac.com.

Chicago Foreclosure Activity

In October, the number of Auctions increased 17.0% from the previous month and 2.9% from the previous year. Bank-owned properties increased 2.67.5% from the previous month and dropped 36.2% from the previous year. Pre-foreclosures increased 4.3% from the previous month and dropped 32.1% from the previous year.

chicago foreclosure
Chicago Foreclosure Geographical Comparison

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

chicago foreclosure

Chicago Foreclosure Status

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

In October, Pre-foreclosures accounted for 37.6% of the foreclosures activity, Auctions accounted for 41.0%, and Bank-owned properties 21.4%.

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!

Chicago IL Foreclosure Trends for August 2014

October 2, 2014

In August, the number of properties that received a foreclosure filing in Chicago, IL was 2% lower than the previous month and 14% lower than the same time last year, according to RealtyTrac.com.

Chicago IL Foreclosure Activity

In August, the number of Auctions increased 3.3% from the previous month and decreased 6.0% from the previous year. Bank-owned properties decreased 0.8% from the previous month and 18.3% from the previous year. Pre-foreclosures decreased 7.3% from the previous month and 20.6% from the previous year.

chicago il foreclosure
Chicago IL Foreclosure Geographical Comparison

Chicago IL foreclosures were 0.04% higher than national statistics,0.01% higher than Illinois figures, and 0.02% lower than Cook County numbers in August.

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 August, Pre-foreclosures accounted for 33.6% of the foreclosures activity, Auctions accounted for 41.4%, and Bank-owned properties 24.9%.

miami fl 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!

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!

Chicago IL Foreclosure Trends for July 2014

September 5, 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!

Cook County and Chicago IL Foreclosure Trends for June 2014

August 11, 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.

chicago il foreclosure
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.

chicago il foreclosure

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%.

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!

Chicago Foreclosure Trends – October 2010

December 4, 2010

There were 37,549 Chicago foreclosure homes for sale with 4,395 new foreclosures in October 2010. The average selling price of a Chicago home was $262,164 and the average foreclosure selling price was $119,845, a savings of $142,319 according to RealtyTrac.com.

Chicago Foreclosure Geographical Comparison

Chicago foreclosure activity in October was lower 0.09% higher than national statistics, 0.05% higher than Illinois statistics, and 0.05% lower than Cook County numbers.

Chicago Foreclosure Activity by Month

(more…)

Chicago Foreclosure Trends – July 2010

September 3, 2010

There were 39,006 Chicago foreclosure homes for sale with 5,252 new foreclosures in July 2010. The average selling price of a Chicago home was $271,493 in July and the average foreclosure selling price was $117,816, a savings of $153,677 according to RealtyTrac.com.

Chicago Foreclosure Geographical Comparison

Chicago foreclosure activity in July was lower 0.19% higher than national statistics, 0.07% higher than Illinois statistics, and 0.06% lower than Cook County numbers.

Chicago Foreclosure Activity by Month

(more…)

Chicago Foreclosure Trends – May 2010

July 6, 2010

There were 38,718 Chicago foreclosure homes for sale with 3,818 new foreclosures in May 2010. The average selling price of a Chicago home was $279,623 in May and the average foreclosure selling price was $109,668, a savings of $169,954 according to RealtyTrac.com.

Chicago Foreclosure Geographical Comparison

May Chicago foreclosure activity was lower 0.07% higher than national statistics, 0.03% higher than Illinois statistics, and 0.04% lower than Cook county numbers.

Chicago Foreclosure Activity by Month

The number of Bank-Owned Chicago homes decreased from 1,312 homes in April to 1,106 in May. The number of Auctioned Chicago homes also decreased from 1,271 to 907 and Pre-foreclosure acitivity dropped for 1,982 to 1,805. 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?