Chicago region foreclosures continue to rise in 2010, despite year-end “robo-signing” moratoria

 

Chicago six-county region saw nearly 80,000 new foreclosure filings in 2010, says data released today by Woodstock Institute. This 14 percent increase in new foreclosures from 2009 to 2010 happened in spite of a dip in the fourth quarter of 2010, likely due to the moratoria many mortgage servicers instated

Growth in new foreclosure filing activity continues to be concentrated in the region’s middle- and upper-income urban and suburban communities.

• Counties with the greatest increases in new foreclosure filings between 2009 and 2010 include McHenry County (33 percent increase) and Will County (21.4 percent).

condominium foreclosures continue to be a significant driver of foreclosure activity in some communities

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