Foreclosures In the Chicago Region Continue to Grow At An Alarming Rate


Publication Date: March 2008

Publisher: Woodstock Institute (Chicago, Ill.)

Author(s): Geoff Smith

Research Area: Economics

Keywords: Subprime mortgages; Loan reform; Foreclosure

Type: Report

Coverage: Illinois

Abstract:

Foreclosures spiked in the last quarter of 2007 nearly every community in the Chicago region, based on foreclosure filings analyzed by Woodstock Institute. This report also found that foreclosure filings have increased in suburban areas that have not traditionally been associated with high foreclosure levels.