Illinois has gained the dubious distinction of having
the country’s highest rate of foreclosure in August 2012.
In August 2012, almost 18,000 homes received a foreclosure filing.
That number represents a 18% increase versus the same time last year.
In Chicago, foreclosures have increased a whopping 44% versus 2011.
According to RealtyTrac, this is the first time that Illinois
came in 1st place since foreclosures started being tracked in 2005.
I just wish that politicians could figure out a way to fix this
foreclosure mess. This has been going on for several years now
and there is no end in sight.
As long we have this foreclosure issue, home values will remain
depressed (and so will their owners).
Until the next time,
Mark Killion
Real Estate Broker
Century 21 Affiliated
5200 S. Harper Ave
Chicago, IL 60615
24 Hour Voice Mail: 312-242-1822
Send me a note!
Visit me online: www.773property.com
