Chicago Homeowners Struggle to Keep Homes Out of Foreclosure
by Lesley R. Chinn
Illinois ranked twelve on the list of states facing the highest number of foreclosures with a total of 8,915 statewide.
While California topped the list at72,285; Florida and Ohio have felt the pinch as well. In Florida, 45,884 homes were foreclosed on while in Ohio, 13,457 homeowners were the victims of foreclosures. RealtyTrac, a leading online foreclosure marketplace site recently reported that activity on the nations foreclosures increased by eight percent over the last month.
According to one local housing agency, the forecast in geographic areas like Roseland, South Chicago
and West Englewood is just as bleak. Statistics provided by the Neighborhood Housing Service (NHS) indicated that Roseland recently filed 400 foreclosures while NHS officials predicted that the South Chicago community would face 423 foreclosures for the year; 540 for Auburn Gresham; 403 for North Lawndale; 600 for Englewood; and 813 for West Englewood.
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