CBS 2 Chicago wbbm7801059 670 The Score

Local

Foreclosures In 3 Suburban Counties Are State’s Highest

File Photo Of Foreclosure Sign (AP Photo)

File Photo Of Foreclosure Sign (AP Photo)

Don't Miss This

(STMW) - Kendall, Kane and Will counties ranked first, second and third, respectively, in foreclosure filings in Illinois for the third quarter of this year.

Grundy County ranked 15th.

Foreclosure filings totaled 887 in Kendall County, up 2 percent from the second quarter and 15.34 percent from the third quarter of 2009, according to Irvine, Calif.-based RealtyTrac.

Other foreclosure filing totals released this week included:

Kane County: 3,032, down 6.36 percent from the second quarter, up 14.03 percent from a year ago.

Will County: 3,586, up 22.64 percent from the second quarter and 23.83 percent from a year ago.

Grundy County: 86, down 10.42 percent from the second quarter, up 8.86 percent from a year ago.

Foreclosure filings consist of default notices, scheduled auctions and bank repossessions.

Nationwide, 930,437 properties received foreclosure filings in the third quarter, almost 4 percent higher than the second quarter, but 1 percent less than the third quarter of 2009.

One in every 139 U.S. housing units received a foreclosure filing during the quarter.

Illinois was fourth in the nation in third-quarter foreclosure filings with 47,802. California was first, Florida was second and Arizona was third.

“We expect to see a dip in those bank repossessions — and possibly earlier stages of the foreclosure process — in the fourth quarter as several major lenders have halted foreclosure sales in some states while they review irregularities in foreclosure-processing documentation that has been called into question in recent weeks,” said RealtyTrac CEO James J. Saccacio.

© Sun-Times Media Wire Chicago Sun-Times 2010. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

Listen Live!

RSS Most Popular News

Follow CBS Chicago

Like us on foursquare

RSS Contests & Promotions

  • Win $1,000 In Gas From Hyundai! June 17, 2013
    Enter to win $1,000 in free gas from Hyundai! What’s better than free gas? How about the 2013 Elantra Limited with an EPA-Estimated 38 MPG Highway! 28 City/38 Hwy. EPA Estimates. For comparison only. Actual mileage may vary.
  • Join Hankook Tire To Reel In The Next Big Catch May 20, 2013
    Join Hankook tire to reel in the next great catch! Click here to go to www.TirePrize.com and enter for your chance to win the ultimate fishing excursion in Puerto Rico!
  • Marquette County Convention & Visitors Bureau Post Game Show Giveaway May 10, 2013
    Listen to The Score’s Baseball Post Game Show for your chance to win a $100 lodging gift certificate from the Marquette County Convention & Visitors Bureau!
  • Enjoy Golf’s Best Round With GREY GOOSE Vodka May 1, 2013
    Enjoy Golf’s Best Round this season with GREY GOOSE Vodka! Visit your participating retailer today and purchase one 750 mL or larger bottle of GREY GOOSE Vodka to receive one free round of golf!
WBBM Newsradio 780, Radio Stations & Broadcast Companies, Chicago, IL

Twitter Updates