Posts Tagged ‘karen been elia’

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

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!


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

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Chicago IL 60657
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