Chicago Area Foreclosure News

High year end foreclosure activity in Chicagoland area. New foreclosure filings dropped by 26.04%

According to numbers released by ILFLS.com, The Illinois Foreclosure Listing Service, in December, new foreclosure filings in Cook County have increased with 14.32% while in the rest of Chicago land, the numbers of new filings have dropped on average
Posted: 01-13-2012 | Read More

New Chicago Area Foreclosures Sales Soared in November of 2011

According to ILFLS.com, The Illinois Foreclosure Listing Service, the new foreclosure filings in Chicago area slightly increased in November 2011, while the properties sold at auction soared drastically. New foreclosure filings in the Chicago seven-county
Posted: 12-17-2011 | Read More

New Chicago Area Foreclosures Increase Slightly In October

New foreclosures filed in the Chicago area during October rose slightly compared with a month earlier but fell by nearly one third from a year ago. New foreclosure filings in the seven-county area tracked by ILFLS totaled 5,316 in October, compared with 5
Posted: 11-18-2011 | Read More

Residential Prices Seen Heading For New Low In June

Home prices are expected to drop another 3.6 percent by June 2012, bringing the nationwide average to a new low of 35 percent under the peak levels achieved in early 2006, according to a new report released last week.
Posted: 11-09-2011 | Read More

Survey Finds 34 Percent Of Defaults Are 'Strategic' Moves By Homeowners

A survey released recently by business schools at the University of Chicago and Northwestern University found that 34 percent of foreclosures nationally were the result of "strategic" defaults by homeowners seeking to get out from "underwater" mortgages.
Posted: 10-27-2011 | Read More

New Chicago-Area Foreclosures Fall Substantially in September 2011

New foreclosures filed in the Chicago area during September fell 34.8 percent compared with a year ago and dipped 15.1 percent compared with August 2011, according to new figures released by the Illinois Foreclosure Listing Service (ILFLS).
Posted: 10-24-2011 | Read More

Chicagoland Foreclosure Completions At Lowest Level Since 2008

Foreclosures completed through auction in the Chicago area during the first half of 2011 fell to the lowest level since the onset of the housing crisis, according to recently released figures from ILFLS.com.
Posted: 10-02-2011 | Read More

New Pre-Foreclosure Filings Jump 19.3% In Chicagoland Area During August

During August a total of 6,139 default notices were issued in the Chicagoland area, a 19.3 percent increase over the 5,144 reported in July. Cook County had the greatest number, 3,776, up 16.4 percent from 3,243.
Posted: 09-22-2011 | Read More