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Fournier Law Blog

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Falling Foreclosure Rates in Chicagoland

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Even though Chicago’s foreclosure rate is still slightly higher than the state average, foreclosures in the Chicagoland are have been falling at a rate of approximately 1.6 percent annually.  In July, the foreclosure rate for the Chicago area was 2.6 percent.  A recent report confirmed that the national foreclosure rates are also continuing to drop each month.  Hopefully, the further we continue to move past mortgage and financial crisis of 2008, the problem of foreclosures will continue to decrease.

For the full story read, “Falling
Foreclosure Rates Represent A Housing Market That’s Bouncing
Back.

Image credit:  Natesh
Ramasamy

 

 

 

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