Found 1 blog entry tagged as Chicago foreclosure sales.

Chicago Bank Owned Home SalesIn 2012, sales of foreclosed Chicago homes in the metropolitan area grew 31% from the previous year despite a decrease in the number of nationwide foreclosures. The information comes from a recent survey by RealtyTrac, a real estate information service. According to their findings, the Chicago-area saw 43,178 foreclosed properties last year, and foreclosure sales accounted for 31% of all sales in the area. That’s a 1% increase from 2011.

In fact, the number of bank-owned property sales was up across Illinois. Experts say that the number of distressed homes sold in Illinois last year was up 52% year-over-year. Nationwide, foreclosure sales fell 6% last year, and foreclosures accounted for 21% of all U.S. sales.

Daren Blomquist, vice president of RealtyTrac,…

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