2007 Foreclosure Report: 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: Banking and finance; Social conditions

Keywords: Property values; Subprime mortgages; Economic inequality

Type: Report

Coverage: Illinois


Foreclosures spiked in the last quarter of 2007 in 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.