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.
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