Posts tagged "Chicago foreclosures"

RealtyTrac Market Report: Chicago Foreclosure Activity Hits 5 Year Low (At Least)

RealtyTrac Market Report: Chicago Foreclosure Activity Hits 5 Year Low (At Least)
RealtyTrac just released their November Foreclosure Market Report and the data shows a record low in Chicago foreclosure activity – well, at least it’s a record during the time I’ve been monitoring the data, which is 5 1/2 years. But since I started monitoring the data in 2009 and we know the problem was pretty... Read more »

Realty Trac Market Report: Slight Uptick In Chicago Foreclosures

Realty Trac Market Report: Slight Uptick In Chicago Foreclosures
The RealtyTrac foreclosure market report for October, which was released yesterday, shows a slight increase in Chicago foreclosures and foreclosures at the national level from the previous month. However, the increase is in line with the normal variability in these numbers so it really doesn’t tell us anything. The more telling trend is seen by... Read more »

Realty Trac Market Report: Chicago Foreclosures Remain Flat

Realty Trac Market Report: Chicago Foreclosures Remain Flat
RealtyTrac released their September Foreclosure Market Report this morning and it shows continued flattening of foreclosure activity for both the nation and the Chicago area. In the graph below Chicago foreclosure activity has not changed much in the last 3 months. In fact, as I noted last month, overall volatility of these numbers is way... Read more »
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Realty Trac Market Report: Chicago Foreclosures Hit New Low

Realty Trac Market Report: Chicago Foreclosures Hit New Low
Late last week RealtyTrac released their August Foreclosure Market Report and, while activity picked up for the nation as a whole, Chicago foreclosure activity actually declined yet again. This after I stated last month that it appeared that we had really bottomed out and there wasn’t much more room for improvement. Now I’m not sure... Read more »

RealtyTrac Market Report: Chicago Foreclosures Not Likely To See Much More Improvement

RealtyTrac Market Report: Chicago Foreclosures Not Likely To See Much More Improvement
RealtyTrac released their July Foreclosure Market Report yesterday and the data for Chicago foreclosures continues to show a bottoming in activity. When you look at the long term graph below, which breaks down the activity into the three basic components, you can see just how far we have come – less than half the peak... Read more »

RealtyTrac Market Report: Chicago Foreclosures Leveling Off

RealtyTrac Market Report: Chicago Foreclosures Leveling Off
I guess it’s good news that the RealtyTrac Foreclosure Market Reports are REALLY BORING these days – at least as far as Chicago foreclosures are concerned. Their June/ Mid-Year Foreclosure Market Report just came out last night and for the nation as a whole June foreclosure filings hit the lowest level since July 2006, which... Read more »
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RealtyTrac Market Report: Chicago Foreclosure Activity Basically Flat In April

RealtyTrac Market Report: Chicago Foreclosure Activity Basically Flat In April
RealtyTrac released their April foreclosure market report this morning and frankly I’m finding the data to be more and more boring each month – especially as you compare April to March. The only real change from March to April was in the 16% drop in auction activity and even that is not particularly interesting given... Read more »

Beware Public Act 94-1049 When Buying A Foreclosed Condo In Illinois

Beware Public Act 94-1049 When Buying A Foreclosed Condo In Illinois
If you look at an MLS listing for a foreclosed condo (and by this I mean bank owned) in Illinois it will often say “Public act 94-1049 may apply”. Usually this statement is in the description that the public can see but sometimes it’s in the agent remarks, which may only be visible to real... Read more »

RealtyTrac Market Report: Chicago Foreclosure Activity Rises In March

RealtyTrac Market Report: Chicago Foreclosure Activity Rises In March
RealtyTrac’s release of their March foreclosure market report on Thursday sneaked past me as it came out earlier than I was expecting and while I was focusing on my income taxes (what a needlessly complicated waste of time and now I have to suffer the further indignity of standing in line at the post office).... Read more »
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Chicago #2 In Zombie Foreclosures Despite Long Term Decline In Foreclosure Activity

Chicago #2 In Zombie Foreclosures Despite Long Term Decline In Foreclosure Activity
On the same day (yesterday) that Crain’s reports that Illinois is in the “deepest financial hole ever” we find out from RealtyTrac that the Chicago area has the second highest level of zombie foreclosures in the country, behind Miami, and Illinois is also in second place among states. Zombie foreclosures are homes that have been... Read more »
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    After 20 years in the corporate world and running an Internet company, Gary started Lucid Realty with his partner, Sari. The company provides full service, while discounting commissions for sellers and giving buyers rebates.

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