Tag: Foreclosures

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Chicago’s foreclosure rate 4th highest among top 20 metro areas

Chicago’s foreclosure rate 4th highest among top 20 metro areas

RealtyTrac just released its US Foreclosure Market Report for November 2014, which shows foreclosure filings — default notices, scheduled auctions ...
Chicago ranks 10th among large metro areas in home price appreciation

Chicago ranks 10th among large metro areas in home price appreciation

RealtyTrac just released its October 2014 Residential & Foreclosure Sales Report. According to the report: … the median sales price of U.S. s ...
The after-party hangover at Sheridan Park’s Dover Courts

The after-party hangover at Sheridan Park’s Dover Courts

More than six years ago I wandered into a "developer close-out" party at Dover Courts, 4601-17 N Dover in the Sheridan Park neighborhood in Uptown ...
Chicago-area foreclosure rate continues to decline

Chicago-area foreclosure rate continues to decline

Foreclosure rates in the Chicago area decreased for the month of August over the same period last year, according to newly released data from Core ...
Chicago foreclosure rates on the mend

Chicago foreclosure rates on the mend

In October of last year Chicago had the 3rd highest foreclosure rate in the nation among metro areas with a population greater than 200,000. In ...
Chicago-area foreclosure rate drops sharply year-over-year

Chicago-area foreclosure rate drops sharply year-over-year

Foreclosure rates for the month of July in the Chicago metro area decreased sharply over the same period last year, according to newly-released d ...
Looking down on River City

Looking down on River City

The faint of heart home buyer might think that the only way to look at River City is down. We did that, but in a more literal way, when snapping t ...
Chicago ranks highest in distressed property sales

Chicago ranks highest in distressed property sales

The following arrived via news release from CoreLogic: Distressed sales (REO and short sales) accounted for 11.4 percent of total home sales in ...
Foreclosure, delinquency rates down sharply in Chicago metro area

Foreclosure, delinquency rates down sharply in Chicago metro area

Foreclosure rates in the Chicago – Naperville - Arlington Heights metro decreased for the month of May over the same period last year, according t ...
June foreclosures at lowest levels since 2006

June foreclosures at lowest levels since 2006

RealtyTrac released its Midyear 2014 U.S. Foreclosure Market Report today. The report reflects a 19% decrease in US foreclosure filings over the p ...
Buying into a walk-up conversion was often a bad deal

Buying into a walk-up conversion was often a bad deal

In the 40 years that I've followed Chicago condo conversions I've rarely seen the renovation and condo conversion of a 12+ unit walkup buildings w ...
Profiling homes that sell at a deep discount or at a premium

Profiling homes that sell at a deep discount or at a premium

RealtyTrac released an analysis today profiling which single family homes sell at the deepest discounts and which sell at the highest premiums bas ...
Completed foreclosures plummet in metro Chicago area

Completed foreclosures plummet in metro Chicago area

CoreLogic released its May National Foreclosure Report yesterday. According to CoreLogic, for the month of May 2014, there were 47,000 completed f ...
Chicago area ranks high in zombie foreclosures

Chicago area ranks high in zombie foreclosures

According to RealtyTrac, the Chicago metro area had 9,975 "zombie foreclosures" in Q2 2014, ranking it third in the nation. The following is from ...
Is the price finally right at Marquette Village?

Is the price finally right at Marquette Village?

We first took note of Marquette Village in February of 2007 when single-family homes at the development were priced from the $290s. Our last visit ...
Chicago-area loan delinquency, foreclosure rates down sharply

Chicago-area loan delinquency, foreclosure rates down sharply

According to statistics released yesterday by CoreLogic, the percentage of Chicago metro area mortgage loans that are more than 90 days delinquent ...
Illinois foreclosure starts down, completions up year-over-year

Illinois foreclosure starts down, completions up year-over-year

According to data just released by RealtyTrac, Illinois had the sixth-highest rate of foreclosure filings in the nation, with one in every 706 Ill ...
Who will buy this remodeled Grand Boulevard home?

Who will buy this remodeled Grand Boulevard home?

In June of 2007 a single-family home at 4842 S Calumet Ave sold for $565,000 subject to a $565,000 mortgage. Early in 2008 it went into foreclosur ...
A visit to Chicago’s West Side with a real estate appraiser

A visit to Chicago’s West Side with a real estate appraiser

Citywide Services' Michael Walsh is a veteran appraiser whose work takes him to many areas of Chicagoland. I joined Michael for a mid-morning v ...
A stolen porch in Humboldt Park

A stolen porch in Humboldt Park

Yesterday morning I accompanied veteran appraiser Michael Walsh of Citywide Services on part of his daily rounds. Our first stop was at a forec ...
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